Starbucks to Pay a $100mln Tip
A San Diego Superior Court Judge ruled on Thursday that the world’s largest coffee chain, Starbucks, will be forced to pay 87 million dollars plus interests to its employees that blamed the company of using money from tips in order to pay supervisors.Starbucks baristas in California won the class action suit, which is going to cost...

Starbucks to Pay a $100mln Tip

US Unemployment Rate Surges On
The US Department of Labor announced on Thursday that the number of American citizens that filled claims for unemployment for the first time increased in the week ending on March 15.The initial claims for unemployment insurance rose by 22.000 to reach 378.000 last week, exceeding analysts’ expectations and reaching the highest level...

US Unemployment Rate Surges On

Europe Grabs Air Force Tanker Deal
Following Air Force’s decision to pick EADS, Airbus’ European parent, and the US defence firm Northrop Grumman Corporation in order to provide a new aerial refueling tanker, some members of the Congress protested against the move that does not favor the American aircraft maker Boeing.In response, Air Force officials declared that the...

Europe Grabs Air Force Tanker Deal

Siemens to Cut 6.800 Jobs Worldwide
The German engineering firm Siemens AG announced on Tuesday that it would cut 6.800 jobs from its telecommunications equipment division, in its attempt to orientate the business toward software, more than other domains.The Munich based company said in a statement that it plans to cut 3.800 jobs worldwide, including around 2000 in...

Siemens to Cut 6.800 Jobs Worldwide

EMI Announces Job Cuts Amid Shrinking CD Sales
The British music company EMI released o statement on Tuesday saying that it would cut around 2.000 jobs in its effort of making a major restructuring that is aimed to help the troubled music industry.With the recent announced move, EMI, which was just last year bought by the private equity firm Terra for 3.2 billion pounds (6.2 billion...

EMI Announces Job Cuts Amid Shrinking CD Sales

US Unemployment Rate Grew to 5%
The United States government reported on Friday that the unemployment rate had rose to 5 percent in December 2007, compared to a 4.7 percent rate in November and a 4.4 percent rate in December 2006, reflecting the problems in the country’s economy.The Bureau of Labour Statistics released the report that showed that even if the number of...

US Unemployment Rate Grew to 5%

Deutsche Bahn, GDL to Resume Negotiations
The German government moved Friday to head off a looming unlimited strike by train drivers, saying the state-owned rail company would resume talks Saturday with a drivers' union, the GDL. Transport Minister Wolfgang Tiefensee convened a crisis meeting at an undisclosed venue with Hartmut Mehdorn, the chief executive of Deutsche...

Deutsche Bahn, GDL to Resume Negotiations

UK Unemployment Rate at Its Lowest in 32 Years
The British Office for National Statistics released data that attests that the number of people that do not have a job and are seeking benefits in the United Kingdom has fallen to the lowest standard in 32 years.The number of the unemployed that are claiming the jobseeker's allowance has fell by 11.100, to 813.000, in November this year,...

UK Unemployment Rate at Its Lowest in 32 Years

French Transport Workers Threaten with Renewed Strike
The French CGT union, one of the most powerful unions of the public transport workers, called on Saturday to a one-day strike for December 13 at SNCF national railway, according to France Info-Radio.Unions’ officials previously called for a strike at RATP, which is Paris’ urban transit system, for the next Wednesday.The new threat comes...

French Transport Workers Threaten with Renewed Strike

South African Miners on Strike: "Mine Safety Is a Human Right"
A one- day strike began in South Africa on Tuesday, as around 240.000 miners are demanding more safety measures after the deaths of at least 200 miners only this year, according to the unions.NUMSA, the largest mining union in the country, threatened that it would prolong the strike if its demands would remain unsolved. While South...

South African Miners on Strike: "Mine Safety Is a Human Right"

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New BMW-6 Series Coupe and convertibleNew BMW-6 Series Coupe and convertible
   BMW has launched a convertible and new coupe of the 6-Series featuring several advanced drive technologies and driver assistance safety systems. Both the coupe...

New BMW-6 Series Coupe and convertible