Barnes & Noble has eliminated nearly 100 positions in its corporate headquarters, as the bookseller attempts to reduce overhead costs due to the sharp downturn…
The nation's largest health insurance company, Indianapolis-based WellPoint, says cutting 1,500 jobs is the best way to streamline its staff of 42,000. It means eliminating…
General Electric is cutting jobs at finance unit GE Capital as part of a $2 billion cost-reduction program. GE said it was making announcements internally,…
In another sign that yes, the economic meltdown is really BAD, bankrupt retailer Circuit City, the nation's second-largest consumer electronics retailer, failed to find a…
Rental car company Hertz Global Holdings is cutting over than 4,000 jobs to reduce costs, as businesses and consumers cancel travel because of the economic…
Former Satyam chairman B. Ramalinga Raju, explaining the more than $1 billion in phony revenue and profits he reported for years, compared the ongoing fraud…
The owner of a tobacco shop in Redmond, Washington was sentenced to 33 months for skimming credit cards. Hrant “Mike” Aslanyan pleaded guilty to skimming…