BP to cut jobs after profits fall

Rising prices boost Shell and BP
Record oil prices help Royal Dutch Shell and BP to report strong profits for the first three months of 2008.

BP annual profits fall by a fifth
The oil giant BP reports a 22% decline in profits at the end of what has been a tough year for the company.

Aer Lingus axe up to 1,500 jobs
Unions are to ballot for all-out industrial action as Aer Lingus announces plans to cut up to 1,500 jobs.

eBay to cut workforce by 1,000
EBay, the world's largest online auction site, is set to cut 1,000 jobs - 10% of its workforce - with many more under threat.

US job cuts at a five year high
US employers cut 159,000 jobs in September, the most in more than five years, Labor Department's figures show.