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 | GROTON, Conn. (UPI) -- U.S. pharmaceutical giant Pfizer said Tuesday it would lay off 1,100 workers from its Groton, Conn., campus as part of a cost-cutting program.
The New London, Conn., newspaper The Day reported the move was part of a plan to trim $2 billion from the company's research and development budget in 2011.
The layoffs were scheduled to take 18 months to complete, the newspaper said..
Company spokeswoman Kirsten Neese said, "Groton will remain the ...
Continue Reading... Post a Comment | Share | Print SAN FRANCISCO (UPI) -- AT&T is facing a lawsuit over one Californian's data bill that could blossom into a costly class-action case, the plaintiff's attorneys said.
In court documents in a suit filed on behalf of AT&T customer Patrick Hendricks attorneys wrote, "A significant portion of the data revenues were inflated by AT&T's rigged billing system for data transactions," Beta News reported Tuesday.
Court papers claim that attorneys set up test account for an iPhone, then...
Continue Reading... Post a Comment | Share | Print CHARLOTTE, N.C. (UPI) -- Bank of America is handing stock grants worth about $33 million to its top U.S. executives, despite shareholders losing money in 2010, a regulatory filing said.
The largest grant will go to Tom Montag, who heads the firm's global marketing, banking and markets division. If the bank hits certain goals, Montag's bonus for 2010 would amount to about $14 million, the Charlotte (N.C.) Observer reported Tuesday.
For Montag, that's a sharp drop from 2009,...
Continue Reading... Post a Comment | Share | Print | | Advertisement | NEW YORK (UPI) -- The Dow Jones industrial average Tuesday topped 12,000 points for the second time this year and held on to close above that for the first time since July 2008.
The DJIA had closed a few points from 12,000 Thursday, but chaos in Egypt gave the index a hard knock Friday. Monday saw some gains. On Tuesday, buoyed by positive manufacturing news, the DJIA added 148.23 points -- 1.25 percent -- to close at 12,040.16.
In Britain, the Markit/Chartered Institute ...
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giving your opinion. Go Here now for details. | | | More Headlines • Corn, soybeans, oats close higher
• Oil prices ease back, but remain pressured
• Gold makes gains Tuesday
• Storage site Mozy sets new limits
• U.S. markets show some bounce
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