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Drones over U.S. may pose security risks
STOCKHOLM, Sweden, July 7 (UPI) -- The founder of Swedish retail giant Ikea said sales at the company were running 7 percent below corporate targets and that more jobs would have to be cut.
"We need to decrease the number of staff further, particularly within manufacturing and logistic," Ingvar Kamprad told Dagens Industri, a Swedish newspaper.
A company spokeswoman confirmed the report, but said Ikea, which has already cut 5,000 positions, is maintaining its goal of opening 20 stores in 2009.
As it intends to open new stores, the retailer will also be hiring, the spokeswoman said.
Expansion plans in Russia have stalled, however, as the company pulled back from investments in the country citing "unpredictability of administrative processes," The Guardian reported.
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BAGHDAD, Feb. 10 (UPI) --
Iran has been plundering oil from southern Iraq, a theft on a grand scale that's helping Tehran withstand sanctions aimed at throttling its oil exports.
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ARLINGTON, Va., Feb. 10 (UPI) --
The United States and Israel have flight tested the Arrow Weapon System to evaluate and verify the missile system's Block 4configuration.
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Local markets will probably not be swamped by waves of foreclosures following the multi-state mortgage settlement announced yesterday. Rather, the huge inventory of one to two million foreclosures will enter markets gradually....
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Doubts about the euro are not subsiding, new leadership or not, rescue plan or not.
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