Business

Associated Press
The tower at parador hotel of Principe de Viana is seen in Olite, northern  Spain on Friday, Dec. 7, 2012. Employees of Spain's premium hotel chain Parador, a state-run group that uses castles, monasteries and palaces, are holding a two-day strike to protest job cuts and possible closures. The Parador hotels group, which started in 1928, says a drop in demand could leave it with accumulated losses of euro107 million ($140 million) by the end of the year. It intends to cut 644 jobs out of a workforce of 4,400. (AP Photo/Alvaro Barrientos)

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