Jobs & Career News
A banking culture that implicitly puts financial gain above all else fuels greed and dishonesty and makes bankers more likely to cheat, according to the findings of a scientific study.
U.S. petrochemicals giant Dow Chemical Co (DOW.N) is not pulling out of Kuwait but is shifting strategy, its chief executive said on Monday, after the company announced plans to reduce its equity positions in all of its Kuwaiti ventures.
Australian police are investigating allegations about the misuse of A$12 million ($10.5 million) in Chinese funds during the 2013 political campaign of mining magnate Clive Palmer, The Australian newspaper reported on Monday.
The countdown has begun to what threatens to be a missed opportunity to revive Europe's stalled economy.
China's leadership and central bank are ready to cut interest rates again and also loosen lending restrictions, concerned that falling prices could trigger a surge in debt defaults, business failures and job losses, said sources involved in policy-making.
Hewlett-Packard Co said its quarterly revenue fell in almost every business segment over the year, highlighting weaknesses ahead of the company's planned 2015 separation of its enterprise services from its traditional computer and printing units.
South Korea's Samsung Electronics Co Ltd (005930.KS) on Wednesday announced a $2 billion share buyback plan, its first since 2007, following investor calls for higher returns against a backdrop of rapidly declining profits.
The Obama administration on Monday criticized a potential deal in Congress to extend expiring tax breaks as "fiscally irresponsible," arguing that lawmakers would be favoring businesses over working families.
Detroit is eying a date between Dec. 8 and 10 for its debt adjustment plan to take effect, allowing the city to exit the biggest-ever municipal bankruptcy, an attorney said on Monday.
U.S. electric carmaker Tesla Motors is in talks with Germany's BMW over a possible alliance in batteries and light-weight components, Tesla's Chief Executive Elon Musk told German weekly Der Spiegel.
China's central bank lowered the yield for a key short-term money rate on Tuesday, the fourth time it has done so this year, as regulators step up efforts to reduce funding pressure for Chinese companies.
Honda Motor Co failed to notify U.S. safety regulators of 1,729 claims of injuries and deaths related to accidents in its vehicles since 2003, the automaker acknowledged on Monday.
Greek government officials and EU/IMF lenders will hold talks in Paris on Tuesday on a crucial bailout review that has stalled over disagreement on a projected budget gap for next year.