Layoffs
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Bart Shuldman, TransAct Technologies chairman & CEO, explains why he may have to lay off workers if the research and development tax credit isn't extended.
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*Detroit mayor does not rule out bankruptcy, emergency financial manager. DETROIT, Dec 7- Under pressure from Michigan's state government to turn around Detroit's finances, city officials said on Friday they will lay off hundreds of workers in addition to putting others on unpaid leave to stave off increased state oversight.
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NEW YORK, Dec 7- As any astronaut will tell you, re-entry is the trickiest and most dangerous part of space flight. Despite the challenges of increased competition and gap-filled resumes, more people who left the workforce, whether voluntarily or involuntarily, are coming back into it, according to the U.S. Labor Department.
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*Assets dwindled to $1.45 bln from $5 bln two years ago. BOSTON, Dec 6- Hedge fund Diamondback Capital Management, one of a handful of firms embroiled in a government insider trading investigation, told investors it would close down after nervous clients demanded the return of more than a quarter of its assets.
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Dec 6- Wall Street has lost a net 1,200 jobs since the start of 2012, New York's state comptroller said on Thursday, and is likely to shed even more with Citigroup's announcement that it will cut 11,000 jobs worldwide.
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BOSTON, Dec 6- Hedge fund Diamondback Capital Management, one of a handful of firms embroiled in the government's insider trading probe, told investors that it will close down after nervous clients pulled out more than half a billion dollars in assets.
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NEW YORK, Dec 6- Planned layoffs at U.S. firms rose for the third month in a row in November, partly driven by the bankruptcy of Hostess Brands, a report showed on Thursday. Employers announced 57,081 job cuts last month, the highest level since May and up nearly 20 percent from 47,724 in October, according to the report from consultants Challenger, Gray& Christmas, Inc..
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Dec 5- Citigroup Inc said it is cutting 11,000 jobs worldwide, about 4 percent of its staff, to save as much as $1.1 billion a year in expenses. Citi said it plans to sell or significantly scale back consumer operations in Pakistan, Paraguay, Romania, Turkey and Uruguay. The bank also plans to shed 84 branches in Brazil, Hong Kong, Hungary, Korea and the United States.
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Facebook shares spiked 33 percent in the month of November. Is it time to buy? The FMHR traders discuss. Also, Mike Mayo, Worth Magazine, discusses Citigroup cutting 11,000 jobs.
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How will cutting 11,000 jobs impact Citigroup's bottom line? David Trone, JMP Securities, weighs in.
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*Company expects annual expense savings of $1 billion. Dec 5- Citigroup Inc, which has lagged behind its peers in recovering from the financial crisis, said it is cutting 11,000 jobs worldwide, about 4 percent of its staff, to save as much as $1.1 billion a year in expenses.
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CNBC's Kayla Tausche reports the banking giant is cutting jobs and taking a $1 billion dollar charge.
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Dec 5- Citigroup Inc will eliminate 11,000 jobs worldwide, about 4 percent of its total staff, in a move to save as much as $1.1 billion a year in expenses, the company said on Wednesday. The move will initially result in pre-tax charges of $1 billion to fourth-quarter earnings, the company said in a statement.
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Dec 5- Citigroup Inc will eliminate 11,000 jobs worldwide, about 4 percent of its total staff, in a move to save as much as $1.1 billion a year in expenses, the company said on Wednesday. The move will initially result in pre-tax charges of $1 billion to fourth quarter earnings, the company said in a statement.
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Dec 5- Citigroup Inc said it is cutting 11,000 jobs worldwide, about 4 percent of its staff, to save as much as $1.1 billion a year in expenses. Citi said it plans to sell or significantly scale back consumer operations in Pakistan, Paraguay, Romania, Turkey and Uruguay. The bank also plans to shed 84 branches in Brazil, Hong Kong, Hungary, Korea and the United States.
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It’s been a tough slog in Cubeville the past few years but don’t cry in that beer you had to buy with your own money just yet – the office holiday party is making a comeback!
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Have you ever thrown a coworker in a lagoon at the office party? Here are some of the most outrageous things people have done at office parties.
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BRUSSELS/ MADRID, Nov 28- Three nationalised Spanish banks will more than halve their balance sheets in five years, cut jobs and impose losses on their creditor bondholders in return for a euro zone rescue, while a fourth will be sold off, the European Commission said.
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A Florida businessman says he will add a 5 percent surcharge to customers' bills to offset what he says are the costs of Obamacare. He's also reducing his employees' hours.
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From elves to vampires and reindeer wranglers, here's a look at some of the season's odder jobs. Wait, you want me to do what?!