SUNNYVALE, Calif. (AP) - A week after announcing a painful round of job cuts, Yahoo CEO Scott Thompson unveiled a plan Tuesday that will reorganize the company into three main divisions focused on users, advertisers and technology. Thompson unveiled the plan at an "all hands" meeting for employees at the company's headquarters in Sunnyvale, Calif. It will take effect on May 1. ...
SAN RAMON (AP) - Chevron says higher oil prices will help push first-quarter profit higher than fourth-quarter earnings despite a drop in U.S. production. The oil company said Tuesday that it also benefited from higher refining profit margins, lower operating costs, and gains from selling assets. Foreign-exchange losses are expected to be larger. Chevron Corp. didn't say what ...
DETROIT (AP) - A financial company that is betting on a Detroit turnaround is trying to lure laid-off Yahoo workers to Michigan. Quicken Loans has started the website www.valleytodetroit.com to promote the Motor City to Yahoo workers axed last week in California. Quicken's businesses include mortgages, venture capital and sports graphics. Sunnyvale, Calif.-based Yahoo announces plans Wednesday ...
SACRAMENTO (AP) - Democrats have passed a bill that would provide overtime pay, meal breaks and other labor protections for domestic workers in California. Lawmakers in the Assembly passed AB241 by Democratic Assemblyman Tom Ammiano of San Francisco on a 41-24 vote Wednesday. Ammiano said the bill - called the Domestic Workers of Bill of Rights - seeks to give housekeepers, nannies and caregivers fair pay and safe working conditions. It now moves to the ...
SEATTLE (AP) - By Michael Hill's estimation, 90 percent of the people pumping gas at his station just south of the U.S.-Canada border in Washington state are Canadians.
SEATTLE (AP) - For farmers, business owners and government officials up and down the West Coast, Washington's bridge collapse on Interstate 5 represents much more than a close brush with tragedy. As much as $20 billion in freight travels to and from Canada and along the busy north-south corridor each year.
PYONGYANG, North Korea (AP) - North Korea relaxed state control of salaries last month, a government economist said, outlining a change in policy intended to boost production by giving companies latitude to provide workers with financial incentives.