Judge Harlin Hale in Dallas granted temporary bankruptcy protection to Mt. Gox, which had filed for bankruptcy protection in Japan in February. Gox said without bankruptcy protection the company would be irreparably harmed by a proposed class action in Chicago federal court and a breach of contract case in Seattle federal court.» Read More
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.
Needham is initiating Madison Square Garden stock with a buy rating. Laura Martin, analyst at Needham, discusses.