Thousands of jobs to go: Alcoa
Alcoa to cut 13,500 jobs worldwide
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US-based aluminium giant Alcoa says it will slash some 13,500 jobs, or 13 per cent or its global workforce, and reduce output to cope with the global economic downturn.
UK retail giant Marks and Spencer to slash jobs
One of the UK's biggest retailers, Marks and Spencer, is set to slash its workforce as the recession takes hold.
German billionaire commits suicide after $750m loss
German billionaire Adolf Merckle has committed suicide after his business empire ran into trouble in the global economic slowdown.
Features and Analysis
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New research suggests the number of super funds in Australia will fall by more than half over the next five years.
Wipe out
The year in finance has limped to a close, with 41pc wiped from the All Ordinaries Index in total.
Indigenous employment covenant
Businesses are maintaining their commitment to an employment project for Aboriginals despite FMG's faltering fortunes.
Home after exile
After 17 years in exile in Spain, Pixie Skase, the widow of the notorious fugitive Christopher Skase, is back in Melbourne.
Piracy patrol
Piracy off the coast of Somalia has forced China to send its navy far afield and return to the ranks of maritime powers.
Gas hub concerns
Environmental groups are preparing an international campaign to try to stop a natural gas hub being established in the Kimberley.
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