Spend Matters Afternoon Coffee

AOL: You've Got Layoffs.
AOL to Cut Workforce 20% -- AOL Inc. began laying off 20% of its workforce, according to a person familiar with the matter, eliminating 950 jobs in the U.S. and India as it struggles to resurrect its business. About 200 employees who work for the Internet company's U.S.-based media and technology groups will lose their jobs, said this person, who added the company would start notifying affected employees Thursday.

Hold please.
Are call centres the factories of the 21st Century? -- More people than ever before work in call centres in the UK but are they the modern-day equivalents of the factory production line? The chimney of the India Mill factory in Darwen, Lancashire, still stands today. When it was built in 1867, it was the tallest and the most expensive in the country but its shadow now falls over office space rather than the industrial machinery it used to.

Good thing I don't eat beef.
Cattle Futures At All-Time Highs -- The prices of U.S. cattle futures soared to all-time highs on strong export demand and on expectations that beef supplies will decline later in the year. Live-cattle futures on the Chicago Mercantile Exchange settled 2.4% higher at $1.1752 a pound, a record. Prices have surged since last summer and in late December first surpassed previous record highs that were set in 2008.

Food supply risk.
Court orders Delhi to check 'toxic' vegetables -- A court in the Indian capital, Delhi, has ordered the authorities to test vegetables for toxic substances. The government has been ordered to randomly buy vegetables from big markets and street vendors.

- Sheena Moore

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