News money 2008-04-30 Andanh.com

Business Briefs for April 30, 2008

GM to lay off 3,550 workers up north Wed, 30 Apr 2008 00:20:00 EST
General Motors plans to cut one shift each at pickup and large sport utility vehicle plants in Flint and Pontiac, Mich.; Janesville, Wis.; and Oshawa, Ontario, resulting in about 3,550 layoffs.

Louisiana's oil-fueled revenue increasing Wed, 30 Apr 2008 00:28:00 EST
State fuel tax revenue is declining because Louisiana's gasoline tax is a fixed amount on sales and high prices at the pump are forcing people to drive less, says a state economist. However, because the state gets revenue from the factor that is driving fuel prices higher — skyrocketing oil prices — and other economic factors are improving, overall revenue is climbing.

Buzz on Business: 2 oil producers bust earnings forecasts Wed, 30 Apr 2008 00:35:00 EST
BP PLC and Royal Dutch Shell PLC post forecast-busting first-quarter earnings thanks to record crude oil prices that are expected to bolster profits throughout the industry.

BASF to sell Shreveport facility Tue, 29 Apr 2008 23:00:00 EST
BASF announced Tuesday that it has signed a definitive agreement to sell its manufacturing facility in Shreveport and the related contract manufacturing business for finished pharmaceuticals to Dr. Reddy's Laboratories, an international pharmaceutical company headquartered in Hyderabad, Andhra Pradesh, India.

Chinese Dir