REUTERS SHOWCASE
Job Plan
Obama proposes six-year plan to rebuild U.S. infrastructure with initial $50 billion investment. Full Article
BRIC Stocks
Stocks from the so-called BRIC group are starting to move in lock-step with developed market indices. Full Article
Oil Spill Costs
BP said the cost of dealing with its oil spill in the Gulf of Mexico had risen to $8 billion. Full Article
Gold ETFs
Here we explain what are gold ETFs and why they might be preferable to owning physical gold. Full Article
Microsoft cuts 800 jobs, completes layoff plan
The Microsoft logo hangs from a window during the grand opening of Microsoft's first retail store in Scottsdale, Arizona in this October 22, 2009 file photo.
Credit: Reuters/Joshua Lott/Files
SEATTLE |
SEATTLE (Reuters) - Microsoft Corp said on Wednesday it is cutting a further 800 jobs across its operations, on top of 5,000 jobs already eliminated under a plan to reduce costs that was announced in January.
A spokesman for the world's largest software firm said the latest job cuts are spread across the company's global operations, but about 200 are in and around its headquarters in Redmond, Washington.
Microsoft originally had planned to cut 5,000 jobs, or about 5 percent out of 96,000, before June 2010. The Microsoft spokesman said that plan has been expanded with the new layoffs and is now complete, well ahead of schedule.
As of Oct. 23, Microsoft had 91,005 employees worldwide, according to its website.
(Reporting by Bill Rigby, editing by Gerald E. McCormick)
India gold hits record high of 19,211 rupees
MUMBAI (Reuters) - India gold futures struck a new high of 19,211 rupees per 10 grams on Tuesday, tracking strong overseas markets, breaching the earlier peak of 19,198 rupees struck on June 8.
- Maruti Suzuki to invest $1.3 bln over 3 yrs on India plants
- RBI may retain hawkish stance, data eyed
- BSE Sensex tests new 31-mth high; cement up
- U.S. companies cut more aggressively in downturn
- Sinochem approaches Temasek on Potash bid - sources
- Karnataka high court continues hearings on iron ore export ban
- All change at the top for UK banks Barclays, HSBC
PM warns of China's S.Asia clout
China is seeking to expand its influence in South Asia at India's expense, Prime Minister Manmohan Singh warned in rare public criticism of his country's rival. Full Article
No Etisalat-RComm deal this year
The Arab world's second-largest telecom operator by market value does not expect a deal with Reliance Communications in 2010, its international chief said. Full Article
Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.
NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.
