Internet TV service Joost is cutting jobs, eliminating customer service, and demoting its CEO. Joost has not announced the number of layoffs; it employs 100…
LyondellBasell, the world's third-largest petrochemical company, will cut 3,000 jobs, or 17% of its workers, and reduce expenses by an additional $500 million by 2010.…
Schlumberger, the world's largest oil field services company, is expanding operations in Louisiana as the result of a new natural gas find. The $48 million…
Dutch life insurer Aegon, owner of US firm Transamerica, may cut more costs and jobs to cope with fresh writedowns and a deteriorating economic environment.…
MeadWestvaco, North America's second-largest maker of glossy cardboard, will eliminate about 2,000 jobs, or 10% of its workforce, amid falling demand for packaging. The company…