Jobs to go at GSK as profits slip
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GlaxoSmithKline warns it will cut jobs and close some factories as part of a cost-cutting plan
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Weekly wages for rank-and-file workers fell because companies reduced the average length of the workweek.
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Workers filing for initial unemployment benefits fell 10,000 to a seasonally adjusted 328,000 last week, a government report said, to a slightly lower level than Wall Street expected.
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ALES are still falling at Marks &amp; Spencer, the company revealed today, sparking fresh fears for the retailerâs recovery. The group confirmed that half-year profits will be between Â£285m-295m, in line with
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Fourth-quarter profit plunged on costs from acquisitions and job cuts in Europe, sending shares down.
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Shares in car rental group Avis Europe drop 12% after it reports a slide in profits and warns that earnings will remain under pressure.
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Financial markets were hit hard by a disappointing jobs report.
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U.S. stocks fell on Thursday as investors locked in profits ahead of jobs data on Friday that could show further weakening in the economy and possibly send equity markets lower.
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NEW YORK Falling profit forecasts from Google and Applied Materials sent technology stocks falling Tuesday while a US government report on another drop in unemployment claims help buoy other markets.
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The FTSE relinquished early gains on Thursday as news of a profit shortfall at DSG International unsettled the retail sector.
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British data expected to provide further evidence of a widespread slowdown in the economy is likely to emerge in the coming week.
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GlaxoSmithKline said it would cut jobs as part of a cost-savings plan after a sharp drop in sales of its diabetes drug and generic competition led to a 5.8 percent drop in profits.
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U.S. stocks fell on Thursday as investors locked in profits ahead of Friday's jobs data that could show further weakening in the economy and possibly send equity markets lower.
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By NO BYLINE  DELL, the world's second-largest personal computer maker, today warned profits would continue to remain under pressure in the short term after it saw fourth-quarter profit drop to GBP 344 million, from around GBP 516m the year before.
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U.S. shares slipped on Thursday as investors showed some caution about Friday's jobs report and the economy's prospects and seized the opportunity to take profits.
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Stocks were set to drop at the open on Friday as weaker-than-expected government data on job growth last month fed recession fears.
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Stock prices are falling to some profit taking after yesterday&#39;s gains. The Dow Jones Industrial Average is down 16 points in today&#39;s early going.