Jobs & Career News
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.
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.
Production has been indefinitely halted at a Chinese supplier to Samsung Electronics Co Ltd (005930.KS) after the factory was suspected of using child workers.
Microsoft Chief Executive Officer Satya Nadella kicked off one of the largest layoffs in tech history on Thursday, hoping to reshape the aging PC industry titan into a nimbler rival to Apple and Google, and jolt a culture at the company that is used to protecting its existing Windows and Office franchises.
JPMorgan Chase & Co said on Thursday that its board of directors allowed $36 million of options previously awarded to Chairman and Chief Executive Officer Jamie Dimon to vest.
The White House said on Thursday it expects America's strengthening economy will temporarily halt the troubling decline in the share of workers who have jobs or are looking for one.
A militia shelled Tripoli airport, destroying 90 percent of planes parked there, a Libyan government spokesman said, as heavy fighting between armed groups prompted the United Nations to pull its staff out of the North African country.
Microsoft Corp is planning its biggest round of job cuts in five years as the software maker looks to integrate Nokia Oyj's handset unit, Bloomberg reported, citing people with knowledge of the company's plans.
Designated European Commission President Jean-Claude Juncker said on Tuesday he would work towards the introduction of a minimum social wage in each member state of the European Union.
It has taken a quarter of a century longer than hoped but Berlin is now glimpsing the prosperity that was supposed to land in its lap after the Wall came down in 1989 and it was restored as the jubilant capital of Germany.
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.
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 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 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.
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 (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 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.
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. 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 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'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.
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.
BNP Paribas, for the second time in nine days, pleaded guilty on Wednesday to conspiring to violate U.S. sanctions, as part of a nearly $9 billion settlement in which the French bank admitted to breaking embargoes against Sudan, Cuba and Iran.
Negotiations between China and the United States on a bilateral investment treaty are facing big difficulties, Chinese Vice Finance Minister Zhu Guangyao said on Thursday.
The United States and China on Tuesday signed eight partnership pacts to cut greenhouse gases that will bring the world's two biggest carbon emitters closer together on climate policy, but fundamental differences between the two sides remain.
China's finance minister on Wednesday defended the country's currency interventions, saying it was difficult to take a hands-off approach when it came to the yuan, given an unsteady economy and abnormal capital inflows.
Israeli Foreign Minister Avigdor Lieberman announced on Monday his party was ending its merger with Prime Minister Benjamin Netanyahu's Likud, saying differences over how to confront the Palestinian Hamas group had contributed to the break.
Forty-eight hours after talks to end South Africa's longest strike hit a brick wall when the mining minister suddenly pulled out, a bishop and an anti-establishment corporate lawyer engineered a deal at a secret meeting in a ritzy hotel.