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Biodiesel industry on hold after tax credit runs out

The biodiesel industry is revving up efforts to reinstate the U.S. biodiesel tax credit, warning that as many as 23,000 jobs could be at risk if lawmakers don't revive the program that expired at the beginning of 2010.

Another wave of foreclosures likely in new year

(PhysOrg.com) -- As we near the end of the year, Phoenix-area home prices have started to go up, but another wave of foreclosures is likely to hit soon. That's according to the author of the latest Realty Studies report from ...

Adobe cutting 680 jobs

Adobe Systems, known for its Photoshop editing program and Acrobat document software, announced on Tuesday it was cutting some 680 jobs worldwide, about nine percent of its workforce.

Major layoffs loom at Time Inc.: reports

Time Inc., publisher of Time, Fortune, Sports Illustrated, People and other magazines, plans to lay off some 540 employees starting next week, or six percent of its workforce, The New York Post reported Friday.

Sun CEO's pay package cut by a third in '09

(AP) -- The value of Sun Microsystems Inc. CEO Jonathan Schwartz's latest pay package dropped 37 percent from last year as the company lost more than $2 billion and was in such dire financial shape that it was forced to ...

Verizon profit falls 30 pct on restructuring costs

(AP) -- Verizon Communications Inc. reported a 30 percent drop in third-quarter earnings Monday as it couldn't sign up enough new subscribers to offset higher costs from laying off workers and absorbing an acquisition.

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