Citi To Hire 100 Bankers In Asia, Eyes More Business From Smaller Clients

Citigroup plans to hire as many as 100 bankers in a renewed push into Asia-Pacific commercial banking, following in rival HSBC's footsteps.

Citi to hire 100 bankers in Asia, eyes more business from smaller clients

Jaded Argentines Brace For Looming Debt Default

Factory owner Norberto Garcia was poised to launch a series of new toys this year after grafting hard for the past decade to rebuild his business following Argentina's 2001-2002 economic crash and debt default.

Jaded Argentines brace for looming debt default

Focus Turns To U.S. Outlook, Russian Stocks Stabilize

World shares hovered just below all-time highs on Tuesday as investors drew encouragement from a rally in Chinese markets and beaten-down Russian stocks enjoyed some relief after three days of heavy selling.

Focus turns to U.S. outlook, Russian stocks stabilize



Jobs & Career News

Tyson Foods To Shut Three Factories, Cut 950 Jobs

Tyson Foods to shut three factories, cut 950 jobs

Tyson Foods Inc (TSN.N) said it will discontinue operations at three of its factories which make processed meat products such as sausages and hot dogs, affecting about 950 people.

Commerzbank Deepens Job Cuts In Toughened Savings Plan: Sources

 Commerzbank deepens job cuts in toughened savings plan: sources

Commerzbank, Germany's second-biggest bank, is widening the scope of its savings program and plans to shed more than 450 jobs on top of an ongoing restructuring plan, three people familiar with the matter said.

GM Korea Reaches Tentative Wage Deal, Averting Strike

 GM Korea reaches tentative wage deal, averting strike

General Motors' South Korean unit reached a tentative wage deal with its labor union on Monday, averting a potential strike at one of its key Asian production bases.

Bombardier To Cut 1,800 Jobs, Aerospace Head Retires

Bombardier to cut 1,800 jobs, aerospace head retires

Struggling with long delays in its CSeries jetliner, aircraft maker Bombardier Inc on Wednesday announced it will reorganize its business structure and cut 1,800 jobs, and it said the head of its aerospace division would retire.

General Motors May Put Brazil Workers On Paid Leave: Union

 General Motors may put Brazil workers on paid leave: union

General Motors Co wants to put nearly a fifth of its workers at a factory in Brazil on paid leave, an auto workers union said on Thursday, amid falling output in Latin America's largest economy.

Stagnant Wages Leaves Central Banks Fretting Over Fate Of Workers

Stagnant wages leaves central banks fretting over fate of workers

After injecting trillions of dollars into the global financial system over the last six years, the world's central bankers now face a vexing question: why is so little of it showing up in workers' paychecks?

More Than Half Of Consumers Globally Upbeat On Job Prospects: Nielsen

More than half of consumers globally upbeat on job prospects: Nielsen

More than half of consumers globally expect job prospects to be good to excellent in the year ahead, a survey showed on Tuesday.

Obama, Biden Highlight Job-Training In Middle-Class Push

 Obama, Biden highlight job-training in middle-class push

President Barack Obama and Vice President Joe Biden will put a spotlight on job-training programs on Tuesday as part of a White House push to boost economic opportunities for middle-class Americans, an important voting group in November elections.

Argentina Asks U.S. Judge To Put Debt Payment Order On Hold

Argentina asks U.S. judge to put debt payment order on hold

Argentina asked a U.S. judge on Monday to put on hold an order requiring it to pay bondholders who did not participate in debt restructurings following the country's 2002 default, while it seeks a "global resolution."

Sotheby's To Cut Jobs To Cut Costs

 Sotheby's to cut jobs to cut costs

Sotheby's said it would cut an unspecified number of jobs to cut cost, months after ending a long-running battle with billionaire investor Daniel Loeb by appointing him to its board.

NABE Survey Points To Rising U.S. Wage Pressures

NABE survey points to rising U.S. wage pressures

The share of U.S. companies raising wages more than doubled in the three months to July from a year ago, a survey showed on Monday, suggesting a faster pace of wage growth.

BP profit jumps but warns of Russia sanctions impact

BP Profit Jumps But Warns Of Russia Sanctions Impact

Oil and gas producer BP reported a sharp rise in second quarter profits on Tuesday but warned that further Western sanctions on Russia could harm its business there and its relationship with Russian state oil company Rosneft.

 Court orders Russia to pay $50 billion for seizing Yukos assets

Court Orders Russia To Pay $50 Billion For Seizing Yukos Assets

An international arbitration court ruled on Monday that Russia must pay $50 billion for expropriating the assets of Yukos, the former oil giant whose ex-owner Mikhail Khodorkovsky fell foul of the Kremlin.

Nissan aims to boost U.S. sales and profit as it closes on Honda

Nissan Aims to Boost U.S. Sales And Profit As It Closes On Honda

Nissan Motor Co Ltd (7201.T) aims to boost sales and profitability in the United States, its biggest market, an executive said, after Japan's No.2 automaker posted a 14 percent rise in quarterly U.S. sales, closing in on rival Honda Motor Co (7267.T).

Argentina says sending officials to New York debt talks on Monday

Argentina Says Sending Officials To New York Debt Talks On Monday

Argentina will send a negotiation team to New York on Monday for further talks with a U.S. court-appointed mediator in its debt dispute with "holdout" investors, cabinet chief Jorge Capitanich said, with just three days left to avert a default.

U.S. judge won't void five ex-Madoff employees' convictions

U.S. Judge Won't Void Five Ex-Madoff Employees' Convictions

The federal judge who oversaw the trial of five associates of imprisoned swindler Bernard Madoff on Thursday refused to overturn their convictions for helping their former boss run one of the world's biggest Ponzi schemes.

Global stocks edge up, U.S. bonds slip on jobless data, earnings

Global Stocks Edge Up, U.S. Bonds Slip On Jobless Data, Earnings

Global stock markets inched higher while U.S. debt prices fell on Thursday following unexpectedly low U.S. weekly jobless claims and stronger-than-expected U.S. earnings from companies including Facebook.

Credit Suisse posts big loss after U.S. tax settlement

Credit Suisse Posts Big Loss After U.S. Tax Settlement

Credit Suisse Group AG reported its biggest quarterly loss since the peak of the financial crisis in 2008, the result of a 1.6 billion Swiss franc ($1.78 billion) settlement with U.S. authorities over helping its clients evade taxes.

Wall St. finishes slightly lower; Chipotle rises late

Wall St. Finishes Slightly Lower; Chipotle Rises Late

U.S. stocks slipped on Monday as investors remained cautious about instability in Ukraine and Gaza, though the three major indexes ended well off their lows, a sign that some appetite for riskier assets remained.

Halliburton gets boost from rebound in North America drilling

Halliburton Profit Up 20 Percent On Higher U.S. Drilling Activity

Halliburton Co (HAL.N), the world's No. 2 oilfield services provider, reported a 20 percent rise in quarterly profit as drilling activity increased in the United States and the Gulf of Mexico.

Wal-Mart adds $102.9 million in Indian wholesale business in June

Wal-Mart Adds $102.9 Million In Indian Wholesale Business In June

Wal-Mart Stores Inc (WMT.N) has infused fresh funds worth 6.2 billion rupees ($102.9 million) into its Indian wholesale business in June, according to a filing made by its Indian unit to the Registrar of Companies.

HP appoints CEO Whitman chairman, expands board

HP Appoints CEO Whitman Chairman, Expands Board

Hewlett-Packard Co appointed Chief Executive Officer Meg Whitman its chairman on Thursday and enlisted Alcoa CEO Klaus Kleinfeld as an independent director, adding a 12th member to its board.

 U.S. drugmaker AbbVie finally wins Dublin's Shire with $55 billion deal

U.S. Drugmaker AbbVie Finally Wins Dublin's Shire With $55 Billion Deal

U.S. drugmaker AbbVie (ABBV.N) bought Dublin-based Shire (SHP.L) on Friday in a 32 billion-pound ($54.7 billion) deal that will allow it to slash its tax bill by relocating to Britain.

Citigroup to pay $7 billion to settle U.S. mortgage probe

Citigroup To Pay $7 Billion To Settle U.S. Mortgage Probe

Citigroup Inc has agreed to pay $7 billion to resolve claims it misled investors about shoddy mortgage-backed securities in the run-up to the financial crisis, in a deal that includes the largest civil fraud penalty ever levied by the U.S. Justice Department.

U.S. signs agreement for $11 billion arms sale to Qatar

U.S. Signs Agreement For $11 Billion Arms Sale To Qatar

The United States signed an agreement with Qatar on Monday to sell the Gulf Arab ally Apache attack helicopters and Patriot and Javelin air-defense systems valued at $11 billion.

 U.S., Iran say disputes remain in nuclear talks as deadline looms

U.S., Iran Say Disputes Remain In Nuclear Talks As Deadline Looms

U.S. Secretary of State John Kerry said on Sunday major differences persist between Iran and six world powers negotiating on Tehran's nuclear program, with a week to go before a deadline for a deal.

 Whiting to buy Kodiak for $3.8 billion, create No. 1 Bakken producer

Whiting To Buy Kodiak For $3.8 Billion, Create No. 1 Bakken Producer

Whiting Petroleum Corp (WLL.N) said on Sunday it would acquire Kodiak Oil & Gas Corp (KOG.N) for $3.8 billion in stock, to become the largest producer in North Dakota's Bakken shale oil formations, eclipsing Harold Hamm's Continental Resources Inc (CLR.N).

China looking into Bank of China money laundering allegations: Xinhua

China Looking Into Bank Of China Money Laundering Allegations: Xinhua

China's central bank is looking into allegations by a state broadcaster that Bank of China, the country's fourth largest lender, has been laundering money offshore for clients, the official Xinhua news agency said on Friday.

Gaza healthcare services on brink of collapse -WHO

Gaza Healthcare Services On Brink Of Collapse -WHO

Health services in the occupied Palestinian territory are on the brink of collapse amid severe shortages in medicines and fuel for hospital generators, as the Gaza conflict with Israel deepens, the World Health Organization warned on Thursday.

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