LOS ANGELES/ SAN FRANCISCO, March 6- Walt Disney overhauled its struggling interactive division in a sweeping reorganization that will reduce the number of video games it develops and alter its advertising strategy to focus more on the fast-changing mobile market.» Read More
*Zambia warns may revoke Konkola licence. LUSAKA, Nov 4- Zambian President Michael Sata threatened on Monday to revoke the licence of Konkola Copper Mines, owned by London- listed Vedanta Resources, if it goes through with a plan to lay off more than 1,500 workers.
DETROIT, Oct 29- Detroit Emergency Manager Kevyn Orr said Tuesday he could force a legally binding settlement on the city's creditors if they were unwilling to accept a proposed restructuring plan in bankruptcy court.
DETROIT, Oct 29- Detroit Emergency Manager Kevyn Orr said Tuesday he was "probably not" willing to accept an agreement to restructure the city's debt without including cuts to pension benefits before the city filed for bankruptcy in July.
Oct 24- Bank of America Corp said on Thursday that it was cutting up to 4,000 mortgage jobs as fewer borrowers refinance, and fewer home loans go bad. Wells Fargo& Co, JPMorgan Chase& Co and Citigroup Inc. have announced thousands of layoffs among them in recent months.
Oct 24- Bank of America Corp said on Thursday that it was cutting up to 4,200 mortgage jobs as fewer borrowers refinance, and fewer home loans go bad. Wells Fargo& Co, JPMorgan Chase& Co and Citigroup Inc. have announced thousands of layoffs among them in recent months.
Oct 24- Boston Scientific Corp, which a day earlier announced a new round of job cuts, on Thursday reported a narrower third-quarter loss on flat sales of its array of medical devices. Excluding special items, including for new restructuring programs and litigation, Boston Scientific earned 10 cents per share.
Bankruptcy Judge Steven Rhodes on whether Detroit is eligible to restructure its debts and liabilities under Chapter 9 of the U.S. Kevyn Orr, the city's emergency manager who has broad powers over Detroit's finances, is expected to testify on Friday, his spokesman, Bill Nowling said by a Twitter message.
SAN FRANCISCO, Oct 22- A host of U.S. chipmakers gave quarterly revenue forecasts that disappointed Wall Street and hurt their shares on Tuesday, including Broadcom Corp, which said it would lay off over a thousand workers as it struggles with slow demand for its cellphone chips.
Oct 17- Wells Fargo& Co, the largest U.S. mortgage lender, is laying off 925 employees in its home loan unit as rising rates cut into demand for refinancing.
LONDON, Oct 17- Ineos said on Thursday that the Grangemouth refinery and petrochemical plant it operates in Scotland can only re-open if workers next week accept cuts in pensions benefits and changes to union representation.
*Senate passes bill, House follows suit. WASHINGTON, Oct 16- The U.S. Congress on Wednesday approved an 11th- hour deal to end a partial government shutdown and pull the world's biggest economy back from the brink of a historic debt default that could have threatened financial calamity.
WASHINGTON, Oct 16- Lockheed Martin Corp, the largest U.S. defense contractor, on Wednesday announced plans to lay off 600 workers in its Mission Systems and Training Division, citing increasing challenges in the business environment. Lockheed spokesman Keith Little said the layoffs were not linked to the partial U.S. government shutdown.
WASHINGTON, Oct 16- Lockheed Martin Corp on Wednesday announced plans to lay off 600 workers in its Mission Systems and Training Division, saying that it would provide details by Nov. 6 about which of its 100 locations around the country would be affected.
NEW YORK, Oct 15- With anemic bond trading revenue over the past few months hurting Wall Street profits, pay cuts and even layoffs are back on the table just when the future had started looking up for traders.
PARIS, Oct 14- Sanofi, trying to squeeze more out of R&D spending like other big drugmakers, is finding its home market France a difficult place to cut costs because of complex labour laws, union opposition and a government eager to protect jobs.
*Will create 500 jobs in Germany, Switzerland and United States. The world's largest maker of cancer drugs, which employs around 80,000 people in over 100 countries, said on Monday the investment would increase its production capacity in Penzberg in Germany, Basel in Switzerland and Vacaville and Oceanside in the United States.
*Will create 500 jobs in Germany, Switzerland and the U.S. The world's largest maker of cancer drugs said on Monday the investment would increase its production capacity in Penzberg in Germany, Basel in Switzerland and Vacaville and Oceanside in the United States.
WASHINGTON, Oct 10- Republicans in the House of Representatives offered a plan on Thursday that would postpone a possible U.S. default and urged President Barack Obama to negotiate an end to the 10- day government shutdown. The White House said it would consider the offer.
*Sees 2013 revenue near midpoint of $19.5- $20.5 bln estimate. JERUSALEM, Oct 10- Teva Pharmaceutical Industries will cut about 5,000 jobs, 10 percent of its workforce, accelerating a cost-cutting plan as it prepares for lower-priced competition for its best-selling drug.
HONG KONG, Oct 10- A closely watched restructuring of Suntech Power Holdings Co Ltd's Chinese debt is likely to move forward after Shunfeng Photovoltaic International Ltd was named the preferred bidder for Suntech's main unit.