WASHINGTON - THE US House of Representatives will vote on Friday on an unprecedented US$789 billion (S$1.2 trillion) plan to pull the economy out of a tailspin to give lawmakers more on Thursday.
LONDON - ROYAL Dutch Shell Plc may trim its workforce with a plan to leave vacancies unfilled and to 'ruthlessly' review its use of contract staff, according to an internal email seen by Reuters.
NEW YORK - GENERAL Motors said on Thursday it was offering voluntary buyouts or early retirement packages to all its hourly production workers as part of the troubled automaker's overhaul.
GM spokesman Tom Wilkinson said the offer 'is available to all 62,000 hourly employees' covered by the United Auto Workers (UAW) union.
NEW YORK - COCA-Cola Company said on Thursday its 2008 fourth-quarter profit dropped 18 per cent to US$995 million (S$1.5 billion) as it faced falling demand amid a sharp global economic slowdown.
