US economy: Jobs are Marching in
Washington: The US economy has added 3,08,000 jobs in March - close to three times the forecast. The second half of 2003 saw GDP increase by 6 per cent (annualised). Economists are saying that productivity was reaching saturation levels and so companies and businesses would have no choice but to hire, in order to meet rising demand. This seems to have been borne out by the employment figures for March.
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Microsoft readies Office 2004 for Macs
Redmond, USA: Microsoft has announced that the latest version of its Office 2004 for Apple computers will be in stores by the third week of May. The new software will cost the same as the previous version.
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Bank of America downsizes seven per cent
Charlotte, USA: Bank of America Corporation has said it will eliminate 12,500 jobs over the next two years. The downsizing will come through attrition, layoffs and vacancies that will be allowed to lapse. The cuts will begin this month, as the company begins notifying affected employees and will be implemented throughout the corporation.

Bank of America has merged with the Fleet Boston Financial Corporation to create the third biggest bank in the United States with an estimated assets base of $ 966 billion.
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