News and Finance

Delta Air Lines Inc. is cutting at least 1,000 more jobs than it previously planned because the number of employees who accepted voluntary severance offers exceeded the company’s goal.
A spokeswoman for the Atlanta-based carrier, Betsy Talton, said Friday that more than 3,000 people took the package, and Delta will accept all of the volunteers.
Delta […]

First came the booming economies. Then came the rush of investors. Now the so-called BRIC nations — Brazil, Russia, India and China — are talking about forming a political alliance.
The four largest emerging economies are sending their foreign ministers to Yekaterinburg, Russia, to meet on May 16 for the first time outside the […]

Royal Bank of Scotland Group PLC said Tuesday it had suffered further losses of $11.7 billion from the U.S. subprime mortgage crisis and would ask investors for $23.9 billion in new capital to shore up its reserves.
The company said it would ask shareholders to approve a rights issue that would offer 11 new shares […]

The average price of regular gasoline fell nearly a penny from its record high, a AAA survey showed Tuesday.
The average price of regular unleaded fell 0.8 cent, to $3.331 a gallon from the $3.339 record set the previous day, according to AAA’s Web site.
Gas prices are up nearly 20% from what they were […]

The following recall has been announced:
About 13,000 camouflage eggs and spinning egg top toys, imported by Hobby Lobby Stores Inc. and made in China, because the paint on the toys contains high levels of lead, which is toxic if ingested by children.
No injuries or incidents have been reported. The recalled products include the […]

A big cost-cutting program is not likely this year at Tyson Foods Inc. (TSN.N: Quote, Profile, Research), the nation’s largest meat company, even as it struggles with losses in beef and possible losses in chicken, said the company’s chief executive.
“I don’t see us doing a massive CMI (cost management initiative). I don’t see […]