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U.S. lawsuits filed against fraud-hit Satyam Computer Services could cause a liability of between $440 million and $840 million, the Times of India said on Thursday, quoting a potential bidder for the outsourcer.
“We have received a report from our legal advisers Gibson, Dunn & Crutcher LLP and they said the liabilities could range between […]

United Technologies Corp., saying the downturn in its core markets is worse than expected, cut its 2009 profit forecast 13 percent Tuesday and will eliminate 11,600 jobs, or 5 percent of its global work force.
The announcement by the maker of Otis elevators and Sikorsky helicopters reverses the guarded optimism of a month ago […]

Pushing and pulling, shoving and tugging levers and triggers, buttons and cables 40 hours a week can be mentally and physically draining.
That’s why Gord McPhee, a GM assembly line worker, relishes every minute of vacation time he’s racked up after 27 years on the job.
To lose another week of it is a blow, […]

Alarmed by mounting market losses and shunning new purchases of long-term funds, most investors aren’t in a bargain-hunting mood. They’re more likely to be concerned about hanging on to what they have and adding to it slowly and steadily.
This logically leads to fixed-income investing, where high-quality bonds and bond funds are among the main alternatives […]

Kevin Chou has had his fair share of visa woes. For the past two years running, his Silicon Valley social networking start-up, Watercooler, has applied for an H-1B work visa for the same Canadian employee. Both times, the petition lost out in the government’s annual visa lottery, which selected only 85,000 from a pool […]

NEW YORK–The chairman and chief executive of Visa Inc. received compensation valued at about $17.3 million in 2008, a year in which the credit card processor staged the largest initial public offering in history. His pay was up 56 per cent from 2007.
According to a filing with the Securities and Exchange Commission on […]

American International Group Inc reported a $61.7 billion fourth-quarter loss on Monday, the largest quarterly loss in U.S. corporate history, after a revised rescue plan from the U.S. government.
The massive loss, equal to $22.95 a share, is the company’s fifth consecutive quarterly loss, bringing the total loss over that period to in excess of […]

European Union nations will on Sunday commit to doing all they can to spur economic growth within EU single market rules, according to a draft document to be discussed by the bloc’s leaders.
The 27-nation group is divided over how to tackle the global financial crisis, which has strained the euro and core EU notions […]

The Obama administration is looking for a way to prop up struggling auto-parts suppliers, possibly through a lending facility to centralize aid to hundreds of companies, a person familiar with the matter said.
Finding a mechanism to offer assistance is pivotal, because there are so many partsmakers it would be difficult for the Treasury […]