• SACRAMENTO, Calif., Oct 1- The judge overseeing the Stockton, California, bankruptcy on Wednesday ruled the state's huge pension system, Calpers, can be impaired as part of the city's financial restructuring. Bankruptcy Judge Christopher Klein said the city's contract with the California Public Employees' Retirement System could be rejected.

  • Oct 1- The New York Times Co said on Wednesday it would cut jobs, including about 7.5 percent of newsroom positions, to lower costs as advertising revenue from its print business dwindles and new products fall short of expectations. The company's shares rose as much as 9 percent.

  • Oct 1- The New York Times Co said on Wednesday it would cut jobs to lower costs and invest the savings in its "digital future" as advertising revenue from its print business dwindles, sending the company's shares up 7 percent.

  • New York Times to cut jobs Wednesday, 1 Oct 2014 | 9:42 AM ET

    Oct 1- The New York Times Co said it planned to cut jobs to lower costs and invest the savings in its "digital future." "The reduction in positions will vary across the company," the New York Times said in a regulatory filing.

  • New York Times to cut about 100 newsroom jobs Wednesday, 1 Oct 2014 | 9:28 AM ET
    The New York Times building in New York City.

    The New York Times plans to eliminate about 100 newsroom jobs, as well as a smaller number of positions from its editorial and business operations.

  • Six tips for unemployed executives Thursday, 25 Sep 2014 | 2:35 PM ET

    There is no shame in being unemployed—even if you're an executive. So shake the stigma and check out these tips from a headhunter.

  • BEIJING, Sept 23- Chinese state metals trader Sinosteel Corp is not about to undergo a restructuring as a result of mounting debt, a company official said on Tuesday, denying domestic media reports.

  • Trading firm KCG announces job cuts Tuesday, 23 Sep 2014 | 4:41 PM ET

    Sept 23- Trading firm KCG Holdings Inc said it has begun cutting 4 percent of its workforce to focus on areas with potential for growth.

  • LONDON, Sept 23- Recent stirrings of long-dormant financial market volatility have come in the nick of time for an industry that has been bleeding revenue and jobs for years, even though bankers doubt the secular downsizing of the trading world can be reversed.

  • Advice to IBM management: Don’t be jerks Monday, 22 Sep 2014 | 2:48 PM ET

    IBM's pay-to-play memo to employees is disturbing, says career coach Marie McIntyre. Here's some advice for IBM management.

  • US firm in China meat scandal lays off 340 staff Monday, 22 Sep 2014 | 7:20 AM ET
    A sign reading that there is only a limited menu available is seen at a McDonald's restaurant on July 28, 2014 in Shanghai.

    A U.S. meat supplier is laying off most of the workforce of a China subsidiary accused of selling expired meat to KFC, McDonald's and other customers.

  • MOSCOW, Sept 19- Russian bank VTB will have to take legal action to recover debts from Mechel after other attempts to help the struggling steelmaker failed, RIA news agency quoted VTB's chief executive as saying on Friday. Mechel wants its main creditor banks, which besides VTB include Sberbank and Gazprombank, to restructure its debt.

  • SEATTLE, Sept 18- Microsoft Corp will close its Silicon Valley research-and-development operation as part of 2,100 layoffs announced on Thursday, as it moves toward its new CEO's goal of cutting 18,000 staff, or about 14 percent of its workforce.

  • I applaud IBM's retrain-or-be-fired memo Thursday, 18 Sep 2014 | 1:04 PM ET

    IBM's memo to select staff forcing them to take a pay cut and retrain may seem harsh but it makes sense for investors, this hedge-fund manager says.

  • SAN JUAN, Puerto Rico, Sept 17- Puerto Rico Electric Power Authority's new chief restructuring officer Lisa Donahue said on Wednesday that she is confident of developing a restructuring plan that will have the support of all stakeholders at the embattled government power utility.

  • SAO PAULO, Sept 16- Nextel operator NII Holdings Inc is hanging on to its Brazilian unit even though the welterweight mobile carrier has filed for bankruptcy protection in the United States and sold off other Latin American operations.

  • JOHANNESBURG, Sept 11- South Africa- focused bullion producer Sibanye Gold plans to cut up to 2,500 workers at its recently acquired Cooke 4 mine west of Johannesburg, two industry sources told Reuters on Thursday. Job cuts are a thorny issue in South Africa where labor relations in the mining shafts are raw and the unemployment rate is around 25 percent.

  • NEW YORK/ WILMINGTON, DELAWARE, Sept 9- Puerto Rico's indebted power authority better get used to some tough love from its new chief restructuring officer, Lisa Donahue, who has earned a reputation for decisiveness, hard work and a cold-blooded devotion to cutting costs.

  • SINGAPORE, Sept 8- The plan to save Malaysia Airlines could succeed where past endeavours have failed because the government has finally put politics aside by agreeing to sweeping job cuts, people briefed on the restructuring told Reuters. Flight MH370 remains missing since it disappeared en route to Beijing in March and MH17 was shot down over Ukraine in July.

  • DETROIT, Sept 4- Revenue projections in Detroit's debt adjustment plan will be hard to achieve, but restructuring initiatives will bring in new money and help make Detroit's plan feasible, Detroit's chief financial officer said Thursday in the city's historic bankruptcy hearing.