Royal Caribbean cutting 400 jobs as fuel prices bite
Cruise operator Royal Caribbean Cruises Limited reported sharply lower second-quarter earnings Monday, blaming higher fuel prices, and said it would cut 400 jobs. Royal Caribbean earned US$84.7 million, or 40 cents a share, in line with Wall Street expectations...
Wachovia slashes dividend, jobs - Downgraded by three rating agencies
Wachovia Corp reported a surprisingly large second-quarter loss Tues-day, deflating Wall Street's hopes that the big US banks are weathering the credit crisis well. The bank said it lost US$8.86 billion, is slashing its dividend and eliminating 10,750 positions...
Beijing hotels slash rates as Olympic demand falters
Hotels in Beijing are slashing room rates for next month's Olympics after tighter security - among other measures dashed an expected windfall of visitors, hotels and travel industry executives said Tuesday. Fan Runjun, an employee of the press department...
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