Amazon clinches deal to buy Middle East online retailer Souq.com
DUBAI, March 28 Amazom.com has agreed to acquire Middle East online retailer Souq.com,, the two companies said in a joint statement on Tuesday.
NEW YORK Oct 11 Lab testing company Quest Diagnostics Inc said on Thursday it will cut 400 to 600 jobs by the end of 2013 as part of its effort to reduce costs by $500 million.
The job cuts, which will save $65 million, are part of a restructuring in which the company will have only two divisions, Quest said in a statement. That change is due to take place by Jan. 1, 2013.
The company will take an additional $15 million to $20 million in charges to cover the costs of reducing management layers, which will include the departure of senior leaders.
Quest's growth has slowed in 2012 as the economy and uncertain reimbursements have resulted in fewer lab tests. The company has 42,000 employees.
LUXEMBOURG, March 28 Europe's top court on Tuesday upheld European Union sanctions on Russia over the Ukraine conflict, including on its largest oil group Rosneft , in a ruling that asserts the court's jurisdiction over the bloc's foreign policy.