Big Jobs

Steven Jobs, Apple's chief executive, announced Wednesday that he would take a medical leave of absence from the company until the end of June. His health problems turned out to be "more complex than originally thought."

Also on a jobs theme....

Nortel Networks Corp, North America's biggest telephone equipment maker, has filed for bankruptcy. In the mid-2000, at the height of the company's success, shares in Nortel were worth more than C$1,100 each, on Wednesday they were worth 15 Canadian cents.

Meanwhile, mobile handset maker Motorola said Wednesday that it would cut 4,000 more jobs in 2009, in addition to 3,000 it announced in December.

Oh no Moto.