Job losses still going on despite what Government says

Wal-Mart to eliminate 11,500 jobs at Sam’s Club

Sun Jan 24

WASHINGTON (AFP) – Giant US retailer Wal-Mart announced this weekend that it will eliminate about 11,500 jobs at its Sam’s Club megastores in the United States. Full Story »

Ericsson to cut 1,500 more jobs as profit plunges

Wireless equipment maker LM Ericsson AB on Monday said it will cut another 1,500 jobs this year after reporting a 92 percent drop in fourth-quarter profit as mobile operators slashed spending. Full Story »

After 2008 scare, China finds more toxic milk products

Reporting by Ralph Jennings; Editing by Ben Blanchard
Mon Jan 25

BEIJING (Reuters) – Authorities in southwestern China have ordered three batches of milk products off shelves because they contain a chemical that killed at least six children in 2008, causing global concern over the made-in-China brand.

The health department in Guizhou province stopped the sales of dairy products made by three Chinese companies, the state-run China Daily newspaper said.