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U.S. markets recover from steep losses
NORTHFIELD, Ill., Oct. 6 (UPI) -- Widely reported layoffs at Kraft Foods would total less than 1 percent of the company's North American workforce, a spokesman said Monday.
"Unfortunately, some positions are being eliminated," spokesman Mike Mitchell said.
Kraft employs about 41,000 people in the United States and 7,000 in Canada, which puts the expected cuts at roughly 500 jobs, the Chicago Tribune reported.
The giant food processing company, however, did not announce a specific number of cuts.
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BEIJING, May 24 (UPI) --
China National Offshore Oil Corp. announced Thursday it made a new oil discovery in the shallow waters of south Liaodong Bay.
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WASHINGTON, May 24 (UPI) --
Australia is seeking to upgrade its F/A-18F fighter aircraft to the "G" configuration, the U.S. Defense Security Cooperation Agency said.
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First-time buyers are driving the expectations that a recovery has begun. Their numbers and market share are growing despite financing roadblocks and competition with investors for entry-level homes. ...
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It is a whole new ball of wax in Europe these days.
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