McKesson dismisses 1,600 staffs from US office to preserve its cash level

McKesson is terminating 1,600 staffs from its US division in an effort to trim expenses after some important customers left the company.

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A glum Christmas for Brazil retailers - and little cheer ahead

Brazilian retailers are expecting their worst Christmas season in a decade and signs are pointing to an unhappy New Year ahead.

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Microsoft lays off 2,100, axes Silicon Valley research

Microsoft Corp (MSFT.O) will close its Silicon Valley research-and-development operation as part of 2,100 layoffs announced on Thursday, as it moves toward its new CEO's goal of cutting 18,000 staff, or about 14 percent of its workforce.

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AOL's Patch unit to lay off up to 500 workforce

AOL would lay off half of the personnel in its local news sites unit Patch as well as shutter of consolidate approximately 150 of its 900 websites.

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JP Morgan Chase Announces New Job Cuts

New job cuts in the offing for JP Morgan Chase.

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