Paul Schaller, a former Silicon Valley pilot and high-tech executive, has spent the past five years getting Quest Aircraft Co., a turboprop manufacturer in Sandpoint, Idaho, off the ground. But just when business was taking shape, he ran into a wicked recession that has made owning a private plane about as politically correct as wearing mink to a PETA convention.
Angry workers beat to death a human resources vice president after he laid off 42 employees at an auto-parts manufacturing company in southern India, police said Wednesday.
President Obama signed landmark legislation Monday giving the Food and Drug Administration new power to regulate the manufacturing, marketing and sale of tobacco. The Family Smoking Prevention and Tobacco Control Act gives the FDA power to ban candy-flavored and fruit-flavored cigarettes, widely considered appealing to first-time smokers, including youths. It also prohibits tobacco companies from using terms such as “low tar,” “light” or “mild,” requires larger warning labels on packages, and restricts advertising of tobacco products
A car bomb exploded Friday morning in Spain’s northern Basque region, killing a person in the vehicle, officials said. The steel workers started striking last Thursday after one contractor axed 51 jobs while another employer on the same site was recruiting. The dispute has prompted a number of wildcat strikes at power stations and oil refineries around the United Kingdom.
In May 2005, when the corporate world’s enthusiasm for China was at its peak, I spent a few days in Beijing in the company of a bunch of top business executives from the U.S. and Europe
The United Auto Workers union announced Sunday it had reached an agreement with Chrysler, Fiat and the U.S.
There’s no place left to hide from rising unemployment. Nationwide, of course, job losses have been mounting for quite some time.
Tang Hui and his family prospered as migrant workers during China’s economic boom, earning $10,000 a year: enough to build a house, send a cousin to school and pay for his grandmother’s medical bills. But those good days are over. The family’s cash earnings have evaporated, snatched away by a manufacturing crash cascading across China caused by falling global demand for its goods