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.» Read More
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.
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.
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.
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.
CNBC's Steve Liesman and John Challenger, Challenger, Gray & Christmas CEO, break down the latest numbers on jobs and provides perspective on layoffs in the workforce. All the numbers are pointing positive, says Challenger.
Roger Cheng, CNET executive editor, provides his perspective on the troubled smartphone maker as the stock got slammed on Friday after the company issued a warning and announced job cuts.
Chesapeake Energy has been laying off employees as it moves ahead with a company-wide reorganization.
John Chambers, Cisco Systems CEO & chairman, discusses the tech giant's fourth quarter results and reduction in its work force.
Greece's shaky coalition government scraped through a vote on Wednesday on a bill to sack public sector workers as thousands chanting anti-austerity slogans protested.
John Challenger, Challenger, Gray & Christmas CEO, shares his latest read on employment and who's hiring and who's firing, with CNBC's Steve Liesman.
The gaming site plans to layoff 18 percent of its workforce and shut several offices. Dan Primack, Fortune senior editor, and Arik Hesseldahl, senior editor, All Things Digital, discuss what Zynga needs to do to make more money.
Mining group Rio Tinto plans to almost halve the size of its London head office, cutting more than 200 jobs as it tries to slash more than $5 billion in costs by the end of next year.
John Challenger, CEO of Challenger, Gray & Christmas, breaks down the latest results on job cuts last month.
Google's Motorola Mobility unit is to shed another 1,200 jobs as the smartphone maker tries to return to profitability, Google said on Friday.
Planned layoffs rose for the second month in a row in February as the financial sector cut the most employees in over a year, a report showed on Thursday.
Officials from the European Union and the International Monetary Fund return to Athens on Sunday to assess Greece's performance under a bailout plan.
Boeing will cut hundreds of jobs at a South Carolina plant that makes 787 Dreamliners, but the move has nothing to do with the recent grounding of the troubled jetliner.
The White House issued more dire warnings about the harm the cuts will do to Americans, breaking down the loss of jobs and services to each of the states.
Barclays is nearing the completion of a raft of job cuts at its investment bank as part of its new chief executive's plan to streamline operations and cut costs, a person familiar with the matter said on Wednesday.
Jeffrey Bewkes, Chairman & CEO of Time Warner, breaks down the company's fourth quarter numbers, weighs in on news of possible layoffs and the sale of its Time Warner Center in New York City.