117K jobs lost in the US, India's economy grows 8%

The outplacement firm Challenger, Gray & Christmas Inc., said post-holiday job cuts reached 117,556 in January surpassing the 100,000 threshold for the first time since last October.

The outplacement firm Challenger, Gray & Christmas Inc., said post-holiday job cuts reached 117,556 in January surpassing the 100,000 threshold for the first time since last October. India's economy is expected to grow by nearly 8% this fiscal year - an acceleration likely to be sustained in coming years, the finance minister said Tuesday.