CATEGORY: World News

World News

Bombardier is cutting 5,000 jobs

New York (CNN Business)Canadian aircraft maker Bombardier announced plans to cut 5,000 jobs as part of an effort to streamline operations and reduce costs.Bombardier said the jobs will be eliminated over the next 12

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World News

Lion Air: Problems reported before crash

(CNN)Problems were reported on a Lion Air jet that crashed into the sea off Jakarta even after technicians replaced a sensor on board the aircraft, investigators said.Indonesian authorities confirmed Wednesday that the angle of

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World News

Crude oil plunges into bear market

New York (CNN Business)The boom-to-bust oil market has rapidly gone from spiking to crashing.US oil prices tumbled another 1.6% to $60.67 on Thursday to settle in a bear market. In barely a month, crude

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