Business News Archive - October 18, 2008

The chairman of India's Jet Airways says he's rescinding a move to cut 1,900 jobs because he couldn't stand to see his mostly young employees suffer.

Nigerian officials say a drop in oil exports caused by violence in its main oil region means the country faces serious budget cuts in the coming year.

An Italian prosecutor said Saturday that an exchange student from Seattle stabbed her roommate because she refused to participate in an orgy. Amanda Knox is one of three people charged with killing Meredith Kercher, a student from Britain, in December.