November 4 Biz Minute

Microsoft says it is cutting 800 more jobs. That's in addition to the 5,000 layoffs it announced in January.
These new rounds of cuts are being made in offices around the globe.

Chrysler plans to revamp its struggling Dodge car brand under a new turnaround plan and says the company's cash has grown by nearly $2 billion since it exited bankruptcy protection in June.

General Motor's decision to scrap the sale of European subisidiary Opel raised new uncertainty today over the unit's future, astonishing politicians in Germany and Russia. Now German workers worry GM will make even more cuts to return Opel to profit than Magna would have.


Today the Federal Reserve held a key interest rate at a record low and again pledged to keep it there for an "extended period" to foster the fragile economic recovery.

JPMorgan Chase has agreed to a settlement worth more than $700 million over federal regulators' charges that it made unlawful payments to friends of public officials to win municipal bond business in Alabama

Intel Corp was sued by New Yorks Attorney General, who accused the world's largest chipmaker of threatening computer makers and paying billions of dollars in kickbacks to maintain its market dominance.

Category:

News & Politics

Tags:

• Microsoft
• Chrysler
• Dodge
• General Motors
• GM
• Opel
• Germany
• Russia
• german
• Magna
• Federal Reserve
• JPMorgan
• JPMorgan Chase
• Alabama
• Intel
• New York Attorney General
• chipmaker
• computer