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  • SAN FRANCISCO, Oct 16- Struggling U.S. chipmaker Advanced Micro Devices Inc said on Thursday it was cutting 7 percent of its workforce and it gave a lower-than-expected revenue forecast for the current quarter, sending its shares lower. The company's third major round of job cuts since 2011 comes a week after AMD said Chief Executive Officer Rory Read had been...

  • Office Depot to cut 1,100 jobs in Europe Thursday, 16 Oct 2014 | 9:40 AM ET

    Oct 16- Office Depot Inc said it would eliminate about 1,100 jobs in Europe as part of a restructuring plan in the region. The company had 64,000 employees worldwide as of Jan. 25. The office supply retailer said it expects the restructuring to reduce annual costs by about $90 million by the end of 2016..

  • How states fared on unemployment benefit claims Thursday, 16 Oct 2014 | 9:03 AM ET

    The Labor Department said Thursday that weekly applications for unemployment aid fell 23,000 to a seasonally adjusted 264,000, the lowest level since April 2000. New York: Up 4,753, due to layoffs in transportation and warehousing, food services and public administration. Texas: Up 1,976, due to layoffs in manufacturing, administrative support, and finance.

  • DETROIT, Oct 15- Ordinary Detroit residents sounded off with passion and anger on Wednesday as they gave a federal judge their views on the city's plan to exit its historic municipal bankruptcy. Bankruptcy Judge Steven Rhodes began a hearing on Sept. 2 to determine if Detroit's plan to restructure $18 billion in debt is fair and feasible. Some residents of...

  • CHICAGO, Oct 14- CME Group Inc plans to cut 5 percent of its global workforce, or about 150 jobs, to reduce costs with most cuts hitting its technology operations, the world's largest futures exchange operator said on Tuesday. CME declined to detail how much money the staff reductions will save the company, which owns the Chicago Board of Trade and New York...

  • Newly renovated Vegas Strip hotel lays off workers Tuesday, 14 Oct 2014 | 1:52 PM ET

    LAS VEGAS— One of the newest names on the Las Vegas Strip has laid off staff and cut restaurant hours less than two months after opening. SBE Group, the Los Angeles- based company that owns the hotel, said at the time the hotel opened Aug. 23 that it had hired for about 3,400 jobs. SLS Las Vegas replaced the Sahara casino, shuttered in 2011..

  • CHICAGO, Oct 14- CME Group Inc plans to eliminate 5 percent of its global workforce, or about 150 jobs, with most cuts hitting its Chicago headquarters, the world's largest futures exchange operator said on Tuesday. A spokeswoman declined to say how much money the cost cuts will save at CME, which owns the Chicago Board of Trade and New York Mercantile Exchange.

  • CME Group to cut 5 percent of global workforce Tuesday, 14 Oct 2014 | 11:23 AM ET

    CHICAGO, Oct 14- CME Group Inc plans to cut 5 percent of its global workforce, or about 150 jobs, the world's largest futures exchange operator said on Tuesday. Most of the layoffs will come from CME's technology operations, with the rest coming from corporate and administration functions, the Chicago- based company said. CME, which owns the Chicago Board of Trade and...

  • BARI, Italy Oct 14- Italian magistrates have ordered Merrill Lynch and two of its former employees to stand trial over a regional government's losses from a 870 million euro bond, investigative and legal sources told Reuters on Tuesday. The case relates to bonds issued by the Apulia region in 2003-2004 in a restructuring of its health sector debt through...

  • CME Group eliminating about 150 jobs Tuesday, 14 Oct 2014 | 9:46 AM ET

    CHICAGO— CME Group said Tuesday that it is eliminating approximately 150 jobs— or about 5 percent of its global workforce— as part of restructuring efforts. The parent company of the Chicago Board of Trade and other exchanges said that most of the job cuts will come from technology, with the rest from corporate and administrative functions.

  • Oct 10- GT Advanced Technologies Inc said it will cut 890 jobs, close an Arizona plant expected to make scratch-resistant screens for Apple Inc, and suggested it could pursue legal claims against the iPhone maker while revamping under bankruptcy. "GT believes that it has many claims against Apple arising out of its business relationship with Apple," the company...

  • Oct 10- GT Advanced Technologies Inc said it will cut 890 jobs, close an Arizona plant expected to make scratch-resistant screens for Apple Inc, and suggested it could pursue legal claims against the iPhone maker while revamping under bankruptcy. "GT believes that it has many claims against Apple arising out of its business relationship with Apple," the company...

  • Oct 10- Blackstone Group LP said it would spin off its M&A, restructuring and private equity fundraising advisory businesses to avoid conflicts, combining them with the advisory firm of Morgan Stanley investment banking veteran Paul Taubman. Blackstone's advisory businesses being spun out account for a tiny fraction of the New York firm's earnings,...

  • Oct 10- Blackstone Group LP said on Friday it would spin off its M&A, restructuring and private equity fundraising advisory businesses and combine them with the financial advisory firm of Morgan Stanley veteran Paul Taubman, in a move to avoid conflicts. Taubman, who left Morgan Stanley in 2012, has been behind some of the biggest deals of the past few years,...

  • Blackstone to spin off financial advisory services Friday, 10 Oct 2014 | 8:49 AM ET

    NEW YORK— Blackstone Group is spinning off its financial advisory business and combining it with financial advisory firm PJT Partners. The investment firm will also spin off its restructuring and reorganization advisory services group and its Park Hill fund placement businesses to PJT. Shares of Blackstone Group LP, based in New York, declined 62 cents, or 2...

  • Oshkosh to cut about 370 hourly, salaried jobs Thursday, 9 Oct 2014 | 3:16 PM ET

    NEW YORK— Oshkosh Corp. said Thursday that it plans to lay off about 370 workers from its unit that makes military vehicles. Oshkosh said about 250 to 300 of the jobs being cut are hourly positions. Oshkosh shares fell 84 cents, or 1.9 percent, to $42.37 in afternoon trading Thursday.

  • Oct 9- Riverbed Technology Inc said it would review strategic options and started a restructuring program to cut costs, three days after activist investor Elliott Management reaffirmed its offer to buy the network equipment maker. The hedge fund, headed by billionaire Paul Singer, has been making repeated offers to buy Riverbed since January and its latest...

  • Yahoo downsizes engineering operations in India Tuesday, 7 Oct 2014 | 1:02 PM ET

    SAN FRANCISCO, Oct 7- Yahoo Inc is reducing the size of its operations in Bangalore, India, the Internet company's largest engineering facility outside its California headquarters. The move comes more than a week after activist investor Starboard Value LP publicly pressured Yahoo to cut what it referred to as a "bloated" cost structure. "As we ensure that Yahoo is...

  • *Meg Whitman to lead new Hewlett-Packard Enterprise. *Dion Weisler to become CEO of HP Inc. Oct 6- Hewlett-Packard Co said it would split into two listed companies, separating its computer and printer businesses from its faster-growing corporate hardware and services operations, and eliminate another 5,000 jobs as part of its turnaround plan.

  • Number of planned job cuts sinks to 14-year low Thursday, 2 Oct 2014 | 10:31 AM ET

    The number of planned layoffs by U.S. employers fell to a 14-year low in September, according to a report by Challenger, Gray & Christmas.