RUMFORD, Maine— Catalyst Paper is laying off about 50 workers at the Rumford mill. WCSH-TV reports that the company announced that a temporary shutdown of a paper machine has been extended to August. Rumford mill spokesman Tony Lyons says the layoffs are "directly market related."» Read More
Japan's TV makers are selling buildings and businesses in a giant "garage sale" that could raise a combined $3 billion.
Spanish bailed out lender Bankia aims to return to profitability by next year after a restructuring plan that will cost about 6,000 jobs.
As traders from Shanghai to New York debate whether the Apple rally has legs 2,000 members of another exclusive club are meeting in Singapore and could find themselves talking to the next Steve Jobs or Mark Zuckerberg.
The annual meeting of the world's power brokers in Switzerland tackles some big subjects and attracts a lot of media attention but so what?
Globalization is no longer a trend; it is the norm. It may be too soon to call it a reversal of fortune but globalization is no longer a one-way street.