Citigroup has cut 200 to 300 jobs, or about 2 percent of its global markets workforce, the Wall Street Journal reported.» Read More
*AIG raises quarterly dividend to 12.5 cents per share. Feb 13- Insurer American International Group Inc on Thursday raised its quarterly dividend by 25 percent and reported it swung to a profit in the fourth quarter, compared with a year-earlier loss, sending its shares up in after-market trading.
Feb 10- Southwest Airlines is looking for opportunities to add service in markets where other merged carriers have scaled back, the budget carrier's Chairman and Chief Executive Gary Kelly said on Monday.
Feb 10- Barnes& Noble Inc shares rose by as much as 9.6 percent on Monday after news that the bookseller cut jobs from its team of hardware engineers working on its money-losing Nook digital books and e-reader business.
STOCKHOLM, Feb 6- World No.2 truck maker Volvo will increase its job cuts to 4,400, more than double its original plan, after currency effects and the cost of launching new models muted a rise in quarterly earnings.
Time Inc is reorganizing itself and consolidating oversight as it prepares to spin off from its corporate parent Time Warner, according to a memo to staff.
NEW YORK, Feb 4- Time Inc Chief Executive Officer Joe Ripp is reorganizing the structure of the world's largest magazine publisher and consolidating oversight as it prepares to spin off from its corporate parent Time Warner, according to a memo to staff on Tuesday.
NEW YORK, Jan 31- Wal-Mart Stores Inc Friday cut its quarterly profit outlook because of a host of issues, including reduced food stamp benefits and the restructuring of Sam's Club's in the United States and the closing of stores in Brazil and China.
Jan 24- Wal-Mart Stores Inc said on Friday it had cut 2,300 jobs, or roughly 2 percent of the total workforce at its Sam's Club retail warehouse chain, its biggest round of layoffs since 2010.. The action follows a lackluster U.S. holiday season and layoffs announced earlier this month from U.S. retailers Macy's Inc, J.C. Penney Co Inc and Target Corp..
Jan 24- Wal-Mart Stores Inc said it cut roughly 2 percent of total employees, or about 2,300 jobs, at its Sam's Club retail warehouse chain on Friday, its biggest round of layoffs since 2010.. The action comes on the heels of a lackluster U.S. holiday season and layoffs announced earlier this month from U.S. retailers Macy's Inc, J.C. Penney Co Inc and Target Corp..
CNBC's Dominic Chu reports Wal-Mart is to lay of 2,300 of its Sam's Club employees, which is about 2 percent of its workforce.
SAO PAULO, Jan 24- Bankrupt oil producer Ôleo e Gás Participações SA has delayed detailing its restructuring plan to creditors by about a week as it tries to secure up to $200 million in new funding, said two sources familiar with the situation on Friday. Ôleo e Gás, controlled by Brazilian tycoon Eike Batista whose business empire collapsed last year, and its creditors were discussing terms of a potential $200 million debtor-in-possession loan, said the sources.
SAO PAULO, Jan 24- Bankrupt oil producer Ôleo e Gás Participações SA will delay presenting its restructuring plan to creditors, initially scheduled for Friday, two sources familiar with the situation told Reuters. Ôleo e Gás, formerly known as OGX Petróleo e Gas Participações SA, and creditors are discussing terms of a potential $200 million debtor-in-possession loan, said the sources, who declined to be identified because the talks are private.
SEOUL, Jan 24- General Motors is seeking to cut shifts by half at one of its South Korean factories as it realigns global manufacturing in a move that could affect about 1,100 jobs, a source with direct knowledge of the matter told Reuters on Friday.
NEW YORK, Jan 23- Sprint Corp said on Thursday it would report a fourth-quarter charge of $165 million for severance and related items as a result of job cuts it is making across the company to reduce costs.
We are going to see health care as a growth industry well into the future, says Joe Jimenez, Novartis CEO, sharing his thoughts on elevating the economic potential of a healthier population.
SAN FRANCISCO, Jan 21- Texas Instruments Inc plans to cut 1,100 jobs in the United States, Japan and India, or about 3 percent of its global workforce, in a corporate restructuring to save $130 million by the end of 2014..
Texas Instruments plans to cut 1,100 jobs worldwide as part of a corporate restructuring intended to help it save $130 million by the end of 2014.
SAN FRANCISCO, Jan 21- Texas Instruments Inc plans to cut 1,100 jobs worldwide as part of a corporate restructuring intended to help it save $130 million by the end of 2014..
TORONTO, Jan 21- Canada's Bombardier Inc said on Tuesday it will cut 1,700 aerospace jobs, or more than 4 percent of the unit's staff, as it pushes to preserve cash after costly setbacks in the development of two new jets.
TORONTO, Jan 21- Bombardier Inc, the Canadian plane and train maker, said on Tuesday it plans to lay off 1,700 employees from its aerospace division, primarily in the Montreal area.