Wal-Mart cuts 300 more headquarters jobs Wal-Mart Stores Inc. is cutting 300 administrative jobs at its headquarters in Bentonville, Ark., as it completes a yearlong series of changes to improve performance. The company has cut almost 14,000 jobs in the past 13 months.
Delta plans more cutback at Cincinnati hub Delta Air Lines is expected to move more aircraft to the Pacific Northwest to handle service to Asia as it shuffles its international departure points. The world's biggest airline told pilots last week that its Boeing 767ER crew base at Cincinnati will likely close sometime in 2010, affecting 225 pilots.
Yahoo sells HotJobs site to Monster at a loss Yahoo Inc. is selling its online help-wanted site, HotJobs, to rival Monster Worldwide for $225 million in cash. The deal reflects HotJobs' diminishing value as the high unemployment rate undercuts demand for help-wanted advertising. Yahoo bought HotJobs for $439 million in 2002.
Service sector ticked up last month, ISM says The economy's service sector grew slightly in January, while the pace of job losses slowed, signaling a recovery still struggling to gain strength. The Institute for Supply Management said its service sector index rose to 50.5 last month -- signaling growth -- from a downwardly revised 49.8 in December.
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