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New rules for olive oil in Europe
OVERLAND PARK, Kan., Jan. 26 (UPI) -- Sprint Nextel Corp. said Monday it would cut 8,000 jobs by March 31 to reduce annual labor costs by about $1.2 billion a year.
About 850 of the jobs would be culled through a voluntary separation plan announced in 2008, the company said.
"Labor reductions are always the most difficult actions to take, but many companies are finding it necessary in this environment," Sprint's Chief Executive Officer Dan Hesse said in a statement.
The company said to maintain recently improved levels of customer satisfaction, most of the jobs lost will be in "non-customer facing groups."
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TEL AVIV, Israel, May 17 (UPI) --
Nobel Energy of Houston, which discovered Israel's big gas fields in the eastern Mediterranean, is pressing the government to decide soon on an energy export policy as the prospect of an undersea pipeline to Turkey gains credibility.
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TEL AVIV, Israel, May 17 (UPI) --
mid growing concerns about security threats from Syria and Iran, Israeli Prime Minister Binyamin Netanyahu has greatly reduced planned defense budget cuts.
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Properties repossessed by lenders in the first quarter took an average of 477 days to complete the foreclosure process, up from 414 days in the previous...
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Nobody likes spending cuts but the champion of that attitude is clearly President Barack Obama, who seems to have a very clear pain-avoidance agenda.
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