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BP to sell stake in troubled Russian venture

BP to sell stake in troubled Russian venture

BP is considering selling its 50 % stake in the Russian joint venture TNK-BP, after receiving a set of "unsolicited approaches", according to a company statement released today.
Hewlett Packard to cut 27,000 jobs

Hewlett Packard to cut 27,000 jobs

The world’s largest manufacturer of PCs, Hewlett Packard, is feeling the heat of the global recession as it announced its intention to axe 27,000 jobs worldwide - about 8% of its total workforce - within two and a half years.