Small Business

Danish drug maker Novo Nordisk to lay 1,000.

Danish drug maker Novo Nordisk says it plans to lay off some 1,000 employees globally to reduce operating costs because of "a challenging competitive environment, especially in its large US market." One of the world's leading makers of diabetes medicines says half the job cuts are expected to be in Denmark.

Germany's Air Berlin to shed 75 aircraft, 1,200 jobs

Struggling German airline Air Berlin says it plans to cut its fleet nearly in half and eliminate some 1,200 jobs as part of a restructuring to develop a leaner structure and focus on its most profitable routes.