Lehman Brothers Holdings Inc is looking at cutting some 1,200 jobs in its latest round of cost cutting, a person familiar with the matter said, as weak financial markets spur layoffs across Wall Street. The job cuts would amount to roughly 5% of the work force of the fourth-largest U.S. investment bank, which has already

Unionized workers at Hyundai Motor Co, South Korea's top automaker, said on Friday they had decided to hold brief work stoppages twice next week over a wage dispute and working conditions. Hyundai's daytime and night shift union members plan to stage four-hour strikes each on Tuesday and Wednesday, if they fail to reach a deal,

Dell Inc, the world's No. 2 personal computer maker, said on Friday its Asia Pacific business was holding up even as corporations turned cautious about spending on technology because of slowing global growth. Dell managed to maintain sound margins and balanced profitability in the region with total revenue growing by 25% in the latest quarter

Oil rose more than $1 to $117 a barrel on Friday, as energy companies prepared for Tropical Storm Gustav to deliver what could be the hardest hit to the heart of U.S. offshore production since the devastating 2005 hurricane season. Crude for October delivery was rose $1.41 or 1.2% to $117 a barrel by 0705

Carrefour, the world's second-largest retailer, posted a 5.5 percent rise in first-half operating profit, lifted by strong performance in Latin America growth markets, and reiterated its 2008 targets. Chief Executive Jose-Luis Duran told a conference call that sales in French hypermarkets were slightly better in July and August than in the first half. Operating profit

Russia's second largest oil producer LUKOIL (LKOH.MM) reported a 63.9 percent rise in net income in the second quarter, below analysts' expectations. The company, in which U.S. oil major ConocoPhillips (COP.N) owns 20 percent, said net income to U.S. Generally Accepted Accounting Principles rose to $4.13 bln from $2.52 bln in the same period last

LONDON, Aug 29 (Reuters) – Falling petrol prices, summer holidays and Britain's best Olympic medal tally in a century combined to give an unexpected lift to consumer morale in August, a survey showed on Friday. The figures will provide a glimmer of hope to Prime Minister Gordon Brown who plans to revive his flagging popularity

Strong exports and consumer spending supported by government stimulus checks drove the U.S. economy up at a solid 3.3 percent annual rate in the second quarter, much faster than first thought, but growth is expected to flag as those factors fade. The U.S. Commerce Department on Thursday said consumer spending and net exports were more

Asia stocks rallied on Friday, led by industrial companies and exporters, after a big upward revision to second quarter U.S. economic growth boosted the outlook for demand, but shares were down for a fourth month. The U.S. dollar slipped as oil prices climbed $1 as Tropical Storm Gustav with hurricane-force winds headed to the Gulf