Thursday, 19 Nov 2009 | Source: The Associated Press
Fluor Corp. said Thursday it has formed a partnership with a subsidiary of state-owned China National Offshore Oil Co. to pursue offshore oil and gas projects in the Asia-Pacific region.
Unemployment hit 8.9 percent in April and some predict that number could climb to over 10 percent in 2009 as major companies streamline operations to combat the recession. But how far can this streamlining really go? For many companies, revenues hinge on worker productivity, and for most operations, per-worker profits and revenues are many multiples of average employee salaries. The measure of revenue per employee also helps shed light on a firm's money-making efficiency and likelihood it will retain jobs. The best companies require the least number of workers to make the most money.
Cautiously optimistic comments from two British banks this morning: HSBC earnings were better than expected and the tone of the report was upbeat, with bad loans down... Read More