American International Group Inc will give its former chief executive Martin Sullivan a $47 million exit package.

CHICAGO - United Airlines said Monday it plans to eliminate about 950 pilot jobs beginning this summer in addition to an already announced plan to cut 1,600 salaried positions and reduce its fleet.

The seasonally adjusted jobless rate stood at 3.3% in the March-May period, unchanged from February-April, the Census & Statistics Department says. The underemployment rate also held stable, at 1.8% for both periods.

NEW YORK - As the American economy slowed to a crawl and stockholders watched their money evaporate, CEO pay still chugged to yet more dizzying heights last year, an Associated Press analysis shows.

Some call them victims of the credit crisis, others call them the perpetrators. Here's a list of CEOs in the financial services industry who have been ousted over the past year in the wake of the mortgage market meltdown.

LONDON - Britain's largest union is merging with United Steelworkers, creating the first trans-Atlantic labor organization, the two labor groups said Sunday.

AUBURN HILLS, Mich. (AP) -- Chrysler LLC Chairman and Executive Bob Nardelli said Monday the automaker should be able to meet its job-cutting goals without antagonizing the United Auto Workers.

DETROIT (AP) -- Ford Motor Co. will offer buyouts to about 1,300 workers at assembly plants in Chicago and Louisville, Ky., as part of the automaker's plan to adjust capacity with demand for its vehicles, a spokeswoman said Friday.

DETROIT (AP) -- Ford Motor Co. will offer buyouts to about 1,300 workers at assembly plants in Chicago and Louisville, Ky., as part of the automaker's plan to adjust capacity with demand for its vehicles, a spokeswoman said Friday.

McLEAN, Va. (AP) -- The Washington Post Co. on Friday reported a 39 percent drop in first quarter profit, hurt by an early retirement program charge at Newsweek and a continued loss of revenue from its newspapers.

WASHINGTON (AP)- It's no longer a question of recession or not. Now it's how deep and how long. Workers' pink slips stacked ever higher in March as jittery employers slashed 80,000 jobs, the most in five years, and the national unemployment rate climbed to 5.1 percent. Job losses are ...

SAN FRANCISCO (AP)- CNet Networks Inc. says it is laying off 120 employees as part of an effort to streamline the online media company while generating more content for its news and entertainment sites.

Hong Kong (news.gov.hk) - The unemployment rate fell to 3.3% in the December to February period, from 3.4% in the November-January quarter.

WASHINGTON - More new people signed up for unemployment benefits last week, fresh evidence that a general economic sluggishness in the country is spilling over into the job market.

WASHINGTON - The number of newly laid off workers filing claims for unemployment benefits fell last week, but the larger-than-expected drop was seen as only a temporary improvement.

NEW YORK - Morgan Stanley on Wednesday said it will cut 1,000 jobs as the nation's second-largest investment bank trims its residential mortgage operations amid the continued deterioration of the mortgage markets.

NEW YORK (AP) - Lockheed Martin Corp. confirmed late Wednesday that it plans to lay off 250 employees in April, and cut an additional 600 jobs during the year, as the defense contractor completes engineering work on its new F-35 fighter jet program.

LONDON - As many as 20,000 jobs in the City are likely to be wiped out due to the financial crisis, a survey showed on Sunday.

NEW YORK (AP) - If you're worried about losing your job as the U.S. economy weakens, it's time to update your resume in case you need to hunt for new employment.