Chemistry Board

  • Ford To Cut 5700 Jobs

    Ford will shut three European plants, its first factory closings in the region in a decade, and cut about 5,700 jobs to stem losses that the company predicted today will exceed $1.5 billion in 2012.

  • BP PLC have agreed to sell its 50% stake in the lucrative but problematic Russian oil venture TNK-BP to OAO Rosneft, a deal that would dramatically alter the British energy giant's presence in a country that is the world's largest energy producer.

  • Bad loans at Spanish banks rose to a record high in August, driven by an increasing number of recession-hit Spaniards defaulting on their debt payments. Loans that fell into arrears in August increased by 5.3 billion euros ($7 billion) from July, reaching 178 billion euros, Bank of Spain data showed on Thursday.

  • Shell Oil Spill Trouble

    Representatives of Anglo-Dutch oil giant Shell are appearing in a Dutch civil court to face accusations of polluting Nigerian villages. The case is being brought by four Nigerian farmers and the Dutch branch of campaigners Friends of the Earth.

  • President Francois Hollande's government will likely ease the impact of tax hikes on small business in the 2013 budget after a chorus of complaints by French entrepreneurs, Finance Minister Pierre Moscovici said on Thursday.

  • Turkish artillery hit targets near Syria's Tel Abyad border town for a second day on Thursday, killing several Syrian soldiers, after a mortar bomb fired from the area killed five Turkish civilians.

  • Workers occupied the site of two idle ArcelorMittal steel furnaces in northeastern France on Monday as management and unions met in Paris to decide the fate of a plant that has become a symbol of the country's industrial decline.

  • GM Recall 41,000 Cars

    General Motors Co is recalling about 41,000 Chevrolet, Pontiac and Saturn cars in the United States because of concerns that a defective plastic part might cause a fuel leak.

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