According to Reuter's report, 663,000 have been lost last March, forcing cuts in worker hours and sending the US unemployment rate to an all time high of 8.5 percent. Manufacturing, construction and service providing industries have axed hundreds of thousands of employees just to make ends meet. The unemployment rate rose ...
Beleaguered global insurer American International Group (AIG) is likely to sell its valuable assets, including its local subsidiary, Philippine American Life and General Insurance Co (Philamlife), within six to nine months, an AIG official said Tuesday. AIG is selling various valuable worldwide assets outside ...