Why Are Large Companies Losing More Jobs Than Small Ones?

If it feels like big companies are doing more than their fair share of letting employees go these days, that’s not just because mass layoffs at blue chip firms are the ones that make headlines. New research suggests that in times of recession, large employers disproportionately lose workers, while small companies, as a group, fare better

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Ex-presidents of Latin America urge legal marijuana

Former presidents of Mexico, Colombia and Brazil called Wednesday for the decriminalization of marijuana for personal use and a change in tactics on the war on drugs, a Spanish news agency said. Ex-presidents Ernesto Zedillo of Mexico, Cesar Gaviria of Colombia and Fernando Henrique Cardoso of Brazil made their announcement at a meeting in Brazil of the Latin American Commission on Drugs and Democracy, the EFE news agency said.

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Chelsea cleared to talk with Hiddink

Chelsea said on Tuesday that they had been given permission to talk with Guus Hiddink about taking charge at the Premier League club until the end of the season. The Dutchman has emerged as the clear favorite to replace the sacked Luis Felipe Scolari, but his involvement with the Russian national team is a stumbling block.

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Chelsea begin search for new manager

Chelsea began their hunt for a successor to Luiz Felipe Scolari on Tuesday with Guus Hiddink and former boss Avram Grant the early favorites to replace the sacked Brazilian. Russia coach Hiddink was odds-on with most English bookmakers with Grant also reported to be in the running, just eight months after departing Stamford Bridge following Chelsea’s defeat to Manchester United in the Champions League final. Dutchman Hiddink has an impeccable record in club and international football and his agent Cees van Nieuwenhuizen told BBC Radio Tuesday that he would be open to an offer from Chelsea owner Roman Abramovich

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Legend Scolari sacked as Chelsea manager

Brazilian legend Luiz Felipe Scolari has been sacked as manager by Chelsea after "deteriorating" results and performances, the Premier League club announced on their Web site on Monday. The decision follows Saturday’s goalless home draw against Hull City that has left the west London club fourth in the table — seven points behind defending champions and league leaders Manchester United

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