BP plans layoffs, transfers at Chicago-area offices
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Oil major BP Plc  told its 3,300 office workers in the suburbs of Chicago on Thursday that many staff will be relocated to Houston while others may be laid off, a BP spokesman said.
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Bank of America Corp., which operates 25 branches in the Houston area, plans to cut about 2.5 percent, or 4,500 jobs, from its work force.
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BP Plc  is shutting  down its giant Alaska Prudhoe Bay oil field due to a damaged  pipeline, slashing West Coast supplies and prompting the U.S.  government to consider releasing emergency stockpiles as prices  jump.
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Up to 200 former TXU Corp. (NYSE: TXU) workers, who went to work for a consulting firm after a deal between the companies, will lose their jobs, a spokesman for the consulting firm said Friday.
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Oil giant BP searched for skilled workers and steel pipe Tuesday to replace badly corroded transit lines that this week forced the shutdown of operations at the largest oil field in the U.S.
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Bank of America Corp., which endured sharp cries of broken promises from state officials after it cut jobs at former Fleet branches, announced Thursday that it would move its wealth and investment management business to Boston.
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The company says the lay-offs are part of an ongoing overhaul of its services unit.
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Oil giant BP Plc  expects the  replacement of corroded pipelines at the Prudhoe Bay oil field  in Alaska to cost around $100 million, a company source said on  Thursday, but the total cost to BP will likely be several times  this figure.
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Oil giant BP is planning to review its global operations in response to last year's Texas refinery blast, a report says.
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A complete shutdown of BP Plc.'s   giant Prudhoe Bay field may not be necessary, and global  crude supplies look sufficient to hold U.S. refiners over while  BP fixes a leaky pipeline, U.S. Energy Secretary Sam Bodman  said on Tuesday.
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British energy giant BP said that it planned to invest 3.0 billion dollars (2.36 billion euros) in its refinery in the US state of Indiana, in a move aimed at boosting motor fuel output.
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BP Plc  has submitted a  revised plan for preventing and responding to spills at the  Prudhoe Bay oil field following pipeline corrosion problems and  oil spills earlier this year, a state official said on Monday.
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Austin-based Temple-Inland Inc. (NYSE: TIN) plans to lay off about 8 percent of the company&#39;s workforce, or about 1,500 employees.
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Embattled insurance brokerage Marsh & McLennan Companies Inc. said Tuesday that it will lay off 3,000 employees, or about 5 percent of its work force, as it struggles to deal with the fallout from a bid-rigging probe by New York Attorney General Eliot Spitzer.
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Merrill Lynch & Co  plans to  announce about 1,600 layoffs after disclosing fourth-quarter  write-downs, CNBC reported on Thursday.
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Houston-based Halliburton Co. will lay off workers at its KBR subsidiary as part of a cost-cutting program and could sell the business if the company&#39;s stock performance does not improve.
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Bank of America Corp. plans to lay off hundreds of tellers and other branch employees at Fleet banks today, asking them to leave the building immediately as part of the process, according to documents obtained by the Globe and Fleet branch managers told of the decision.