Posted by Reuters: Business News on September 9, 2011
BANGALORE (Reuters) – Bank of America Corp officials have discussed slashing roughly 40,000 jobs during the first wave of a restructuring, the Wall Street Journal said, citing people familiar with the plans.
Posted by Reuters: Business News on September 8, 2011
Bangalore (Reuters) – U.S. investigators probing the alleged manipulation of interbank lending rates are now focusing on possible violations of a commodities law that has previously been used to send financial executives to prison, the Financial Times said, citing people familiar with the probe.
Posted by Reuters: Business News on September 7, 2011
NEW YORK/BANGALORE (Reuters) – Private equity company Carlyle Group filed for an IPO on Tuesday, a long-awaited move to catch up with rivals Blackstone, KKR and Apollo, but the volatility of global markets means an offering is unlikely until the first half of 2012.
Posted by Reuters: Business News on August 25, 2011
BANGALORE (Reuters) – The Obama administration is working on proposals to prop up the weak housing market and may back a plan to refinance government-backed mortgages at today’s lower interest rates, the New York Times said, citing two people briefed on the discussions.
Posted by Reuters: Business News on
BANGALORE (Reuters) – UBS and Citigroup lowered their forecast for global growth, with sharp reductions to its euro zone view and more modest cuts for China, but ruled out the likelihood of a recession for now.
Posted by Reuters: Business News on August 23, 2011
SYDNEY/BANGALORE (Reuters) – The chief of Standard & Poor’s will step down next month, to be replaced by a senior Citibank executive, in a move announced a few weeks after the credit rating agency downgraded U.S. government debt and sparked a row with Washington.
Posted by Reuters: Business News on August 22, 2011
BANGALORE (Reuters) – Lowe’s Companies Inc put aside $5 billion to buyback its shares over the next two to three years, joining a string of companies digging into their cash reserves to shore up their stocks in a weak economy.
Posted by Reuters: Business News on August 19, 2011
NEW YORK/BANGALORE (Reuters) – Shares of Hewlett-Packard slumped by more than 20 percent to a six-year low on Friday as investors wiped about $16 billion off the market value of the world’s biggest PC maker in a resounding rejection of its plan for a major shake-up.
Posted by Reuters: Business News on
BANGALORE (Reuters) – Shares of Hewlett-Packard slid more than 15 percent in pre-market trade on Friday, a day after the world’s biggest PC maker said it may spin off the business, and cut its outlook, signaling a massive overhaul in the wake of bleak tech spending across the board.
Posted by Reuters: Business News on
BANGALORE (Reuters) – Shares of Hewlett-Packard slid 11 percent premarket on Friday, a day after the world’s biggest PC maker said it may spin off the business, and cut its outlook, signaling a massive overhaul in the wake of bleak tech spending across the board.
