NATION

NATION

Facebook gets $200M from Russian investor

NEW YORK — Facebook is getting a $200 million investment from a Russian Internet investor that values the social networking company at $10 billion.

The investment gives Digital Sky Technologies a nearly 2 percent stake in the Palo Alto, Calif.-based company’s preferred stock. The deal presumes the company is worth $10 billion. That is less than the $15 billion value implied in 2007, when Microsoft spent $240 million for a 1.6 percent stake in the company

Goodyear to cut jobs at plant in France

AKRON — Goodyear Tire & Rubber Co. plans to end consumer tire production at a plant in Amiens, France, as part of its strategy to reduce high-cost manufacturing.

The decision announced Tuesday means Goodyear is cutting 820 of 1,200 jobs at the plant by the third quarter of 2010. Goodyear says it will continue to produce farm tires at the plant, while exploring the sale of some of its farm-tire- production plants globally.

Associated Press