Barry Diller quits top job at Vivendi unit
Los Angles: Media mogul Barry Diller resigned from top jobs at the US entertainment unit of Vivendi Universal to focus on USA Interactive, the internet company he controls.
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US tech sector pares 5.6 lakh jobs in two years
New York: The US technology sector, which has been battered by a downturn in corporate spending, lost about 560,000 jobs in ‘01 and ‘02, according to a study released by an industry trade group.
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Cessna to cut 1,200 jobs
Boston: Textron on Thursday said Cessna Aircraft would cut 1,200 jobs - more than 10 per cent of the unit's work force - and place another 6,000 workers on furlough for seven weeks as demand for business jets slumps on weak corporate profits.
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Enron says will keep pipeline assets
New York: Bankrupt Enron Corp. said on Wednesday it plans to take its interest in three pipelines off of the block and bundle them into a smaller company to help it raise money to repay creditors owed billions of dollars.
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LG Elec Feb handset sales double
Seoul: LG Electronics Inc, South Korea's second-largest home appliance maker, reported on Thursday a 111.6 per cent jump in mobile handset sales in February from a year earlier.
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