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Adobe Plans to Cut 600 JobsAdobe cut its fiscal fourth-quarter earnings guidance and said it plans to cut 600 jobs, or about 9% of its world-wide work force. ... |
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Lufthansa May Buy Austrian AirlinesLufthansa may buy Austrian Airlines, pushing the giant carrier further along one of the most ambitious acquisition sprees the industry has seen in years. ... |
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Citic Pacific Hit Is Bigger Than SeenShares in Citic Pacific fell sharply after the company disclosed larger losses than previously estimated. ... |
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Volatility Only Constant for StocksThe Dow industrials ended another turbulent session 172.60 points higher, up 2.1% at 8591.69 after moving in a range of nearly 400 points. Financial stocks jumped. ... |
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Auto Union Open to Changes in ContractUAW leaders will allow the Big Three to delay payments to a health-care trust and suspend the controversial jobs-bank program. ... |
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Treasury Considers Mortgage PlanThe Treasury Department is considering a plan to revitalize the U.S. housing market by reducing mortgage rates for new home loans to as low as 4.5%. ... |
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