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McGraw-Hill Cuts 550 Jobs, 2.5% Of Work Force

Posted: 07/16/2009 - McGraw-Hill Cos., hit by declines in its education, financial services and media properties, said Thursday it has cut 550 jobs, or roughly 2.5% of its work force.

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AIG Speeds Up Spinoff Of Life Insurance Unit

Posted: 07/15/2009 - American International Group Inc. says it is speeding up its plans to spin off its American Life Insurance Co. unit as an independent public company.

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Apple Disables iTunes Sync Feature On Palm Pre

Posted: 07/15/2009 - Apple Inc. has shut down one of the most compelling features on Palm Inc.'s rival Pre smart phone. Apple has crippled the Pre's ability to act like an iPod.

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GM Combines Research, Product Teams In Makeover

Posted: 07/15/2009 - The new General Motors Co. began changing its executive ranks and streamlining its management structure Wednesday, announcing the departure of several top officials.

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Fidelity Holders Reject 'Genocide-Free' Proposal

Posted: 07/15/2009 - Shareholders at four Fidelity Investments mutual funds have rejected a measure that seeks to screen out investments possibly linked to genocide in international hot spots like Sudan's Darfur region.

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Air Canada Reaches Deal With Mechanics Union

Posted: 07/15/2009 - The largest union at Air Canada has approved a 21-month labor contract, considered a critical factor in keeping the airline out of bankruptcy court.

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Kodak Agrees To Settle Race Discrimination Lawsuit

Posted: 07/15/2009 - Eastman Kodak Co. has agreed to pay $21.4 million to settle legal action brought by black workers who claim the photography products maker discriminated against them.

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UK Presents Plans To Cut Emissions, Add Jobs

Posted: 07/15/2009 - The British government has presented ambitious plans to reduce carbon emissions and create 1.2 million new jobs in the renewable energy field

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Levin Says Vote Postponed On F-22 Jet Funding

Posted: 07/15/2009 - Sen. Carl Levin says a key vote has been postponed to strike out $1.75 billion added to the defense spending bill for more fighter jets from Lockheed Martin.

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France Approves Sunday Work

Posted: 07/15/2009 - French legislators have approved a divisive bill that allows more stores to stay open -- and more people to work -- on Sundays.

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EU, Canada Settle Biotech Dispute

Posted: 07/15/2009 - The EU and Canada have signed a deal ending a long-standing trade dispute over genetically modified food imports.

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Old GM Shares Drop In Value With Symbol Change

Posted: 07/15/2009 - Shares in the old General Motors Corp. dropped more than 50% Wednesday after the stock symbol was changed to reflect the company's new name, Motors Liquidation Co.

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Stocks Rise On Upbeat Earnings Reports

Posted: 07/15/2009 - Better-than-expected earnings at Intel sent investors pouring back into the market Wednesday, sending stocks higher in the opening minutes of trading.

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Consumer Prices Jump 0.7% In June

Posted: 07/15/2009 - Consumer prices shot up in June by the largest amount in 11 months, reflecting the biggest jump in gasoline prices in nearly five years.

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GM CEO Says July Sales Down From 2008

Posted: 07/14/2009 - General Motors Corp. CEO Fritz Henderson says July sales for the automaker appear to be weaker than the same month last year.

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