DALLAS— Bankrupt power giant Energy Future Holdings terminated its restructuring agreement and announced plans to auction its stake in the profitable power transmission business Oncor Electric Delivery Co., according to a filing Thursday with the U.S. Securities and Exchange Commission.» Read More
A new wave of corporate layoffs could pick up momentum if the economy does not kick into a higher gear soon.
Thousands of layoffs were announced in just the past week, and that trend could continue if economic growth does not start to pick up speed.
Are banks too big? A look at the financial sector and whether shareholders will revolt, with Jesse Eisinger, ProPublica senior reporter.
CNBC's Herb Greenberg reports the tech giant will cut 6,500 jobs or about 9% of its workforce.
The tech bellwether plans to layoff thousands of workers in an attempt to reduce costs. Will investors buy into the plan, with Alkesh Shah, Evercore Partners.
As Wall Street cuts bonuses and raises base salaries instead, banks are looking at layoffs more often to cut costs when profits fall.