AMR seeks to jettison 13,000 airline employees

The parent of American Airlines wants to eliminate about 13,000 jobs — 15 percent of its workforce — as the nation’s third-biggest airline remakes itself […]

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RBS CEO turns down bonus amid criticism of payout

Royal Bank of Scotland chief executive Stephen Hester will not be accepting a 1 million pound ($1.5 million) bonus that drew criticism from British public […]

Solutia and Eastman: corporate snapshots

Solutia Inc.
Headquarters • Town and Country
CEO • Jeffry Quinn
Products • Laminated architectural and automotive glass; performance films for cars and buildings; chemicals for rubber and […]

Mexico discovers gas reserves off Gulf coast

Deep-water drilling in the Gulf of Mexico has revealed reserves that could multiply Mexico’s production of natural gas, the country’s state oil company said Thursday.
Petroleos […]

Death toll from Thailand’s floods tops 600

The death toll from Thailand’s worst flooding in more than half a century has passed 600.
The floods began in late July, fed by heavy monsoon […]

Opposition snubs Greek PM

ATHENS

Norfolk Southern 3Q profit, revenue rise

Freight railroad Norfolk Southern says third-quarter profit rose 24 percent on higher rates.
Net income was $554 million, or $1.59 per share, compared with $445 million, […]

Hugo Chavez travels to Cuba for medical tests

Venezuelan President Hugo Chavez returned to Cuba on Sunday to undergo a series of medical tests to evaluate his cancer treatment.
The president, who finished what […]

Yemeni jet bombs army post, killing 30 soldiers

A government warplane bombed an army position in southern Yemen, killing at least 30 soldiers involved in months of intense battles against al-Qaida members, officials […]

Asian stocks unsteady ahead of Bernanke speech

Asian stock markets were unsteady Friday as investors waited to see whether Federal Reserve Chairman Ben Bernanke would promise new steps to help the U.S. […]