LONDON, July 30- Royal Dutch Shell on Thursday reported a 37 percent drop in second quarter profits and said it would cut 6,500 jobs this year and reduce spending further to deal with an extended period of lower oil prices. The Anglo-Dutch oil and gas company also said it was planning more asset disposals alongside its proposed $70 billion acquisition of BG Group,...» Read More
Phil Anschutz took his Los Angeles-based sports, music, and arena conglomerate off the market because he felt reinvigorated after back surgery and didn't like "the noise" surrounding the sale, he said.
Hostess Brands creditor Silver Point Capital and hedge fund Hurst Capital have expressed interest in buying Hostess's snack cake brands, the New York Post reported.
Google's Motorola Mobility unit is to shed another 1,200 jobs as the smartphone maker tries to return to profitability, Google said on Friday.
Planned layoffs rose for the second month in a row in February as the financial sector cut the most employees in over a year, a report showed on Thursday.
The business of "deal toys," tiny Lucite trophies of big Wall Street deals, took a huge hit during the recession but now it's starting to roar back.
Boeing will cut hundreds of jobs at a South Carolina plant that makes 787 Dreamliners, but the move has nothing to do with the recent grounding of the troubled jetliner.
Following Warren Buffett's purchase of ketchup maker Heinz, investors are wondering what he might do next. Yet part of the challenge of trying to predict Mr Buffett's next move is that the way he invests has changed dramatically over time. The FT reports.
Flowers Foods Inc is set to buy Hostess Brands Inc's bread brands including Wonder bread for $360 million, a source familiar with the matter said on Wednesday, giving the No. 2 U.S. baking company a bigger slice of the fast-consolidating bread business.
Barclays is nearing the completion of a raft of job cuts at its investment bank as part of its new chief executive's plan to streamline operations and cut costs, a person familiar with the matter said on Wednesday.
Knight Capital Group, which recently agreed to be bought for $1.4 billion by Getco Holding Co, will lay off 5 percent of its global workforce as part of efforts to restructure the automated trading firm, according to a regulatory filing released on Monday.
Cisco Systems is selling its home networking business to Belkin, the networking giant's latest move to exit the consumer business.
Chinese investment banks are carrying out their biggest layoffs and bonus cuts since the financial crisis as they brace for further profit declines, hit by an ongoing drought in initial public offerings in China that started in September.
Things are getting serious at the Magic Kingdom: Disney started an internal cost-cutting review and is mulling layoffs.
Planned layoffs at U.S. firms fell in December for the first time in four months, while the overall job-cut total in 2012 was the lowest since 1997, a report showed on Thursday.
Japan's TV makers are selling buildings and businesses in a giant "garage sale" that could raise a combined $3 billion.
Spanish bailed out lender Bankia aims to return to profitability by next year after a restructuring plan that will cost about 6,000 jobs.
As traders from Shanghai to New York debate whether the Apple rally has legs 2,000 members of another exclusive club are meeting in Singapore and could find themselves talking to the next Steve Jobs or Mark Zuckerberg.
The annual meeting of the world's power brokers in Switzerland tackles some big subjects and attracts a lot of media attention but so what?
Globalization is no longer a trend; it is the norm. It may be too soon to call it a reversal of fortune but globalization is no longer a one-way street.