Amsterdam | May 17, 2013 12:30 (IST)
The bank, which on Friday posted first-quarter results hit by bad loans in its home market, said the cuts are part of a reorganisation of its commercial and merchant banking division and will mostly be through natural attrition and reallocation.
New York | May 03, 2013 18:00 (IST)
Buffett also said he did not buy more shares of IBM following the company's disappointing earnings results, which led to an 8 per cent drop in the company's shares a day later.
San Francisco/New York, United States | May 03, 2013 08:10 (IST)
Intel Corp chose veteran insider Brian Krzanich as chief executive, disappointing some investors who hoped an outsider would push for aggressive changes to help the world's largest chipmaker catch up in the mobile revolution.
San Francisco | May 01, 2013 11:06 (IST)
The new policy marks the latest move by chief executive Marissa Mayer, who had her first child two months after taking over in July, to revamp the struggling Internet company.
New York | April 29, 2013 10:37 (IST)
Zames, who has been seen as a strong candidate to succeed the bank's chief executive and chairman Jamie Dimon, had been co-chief operating officer with Frank Bisignano.
April 26, 2013 18:40 (IST)
The increase is based entirely on Murdoch's performance and long-term opportunity targets.
Singapore | April 26, 2013 12:26 (IST)
Asian lenders are building on links to local companies to expand into trade and project financing, and using strong ties to identify opportunities, connecting, say, a Mongolian miner with a Chinese investor or an Indian trading house with an Indonesian smelter.
Nairobi (Kenya) | April 25, 2013 18:45 (IST)
Richard J. Horigan, the engineering leader of the 787, said today that the root cause of smoldering batteries experienced by the two different 787s may never be known because the evidence was destroyed by heat.
New York/London | April 25, 2013 18:06 (IST)
Verizon, which already owns 55 per cent of the company, which is the biggest US wireless carrier, has not put a proposal to Vodafone yet but it has hired both banking and legal advisers for a possible bid, the sources said.
Tokyo | April 25, 2013 13:25 (IST)
Market analysts had expected Japanese companies to aggressively raise their earnings guidance after the yen weakened more than 14 per cent this year, driven by bold government and central bank policies to revive growth.
April 24, 2013 08:47 (IST)
To some extent, the expanded capital return program helped mask its first quarterly profit decline in a decade, though analysts say the more important issue now is what Apple has in store on the gadget front.
April 24, 2013 08:35 (IST)
U.S. Attorney Preet Bharara in Manhattan said Novartis had since 2005 induced at least 20 pharmacies to switch thousands of kidney transplant patients to its immunosuppressant drug Myfortic from competitors' drugs, in exchange for kickbacks disguised as rebates and discounts.
San Francisco, United States | April 24, 2013 07:54 (IST)
The new capital plan came as Apple's fiscal second quarter profit slid 18 percent. While revenue rose 11 percent, it slowed sharply from 2012 and previous years.
April 23, 2013 08:13 (IST)
ValueAct CEO Jeffrey Ubben said that the firm will not do any public campaigning to affect Microsoft's strategy. But he did say that the world's largest software company should make Office, its most profitable product, more widely available outside of Windows.
April 23, 2013 08:02 (IST)
The deal is expected to close by the end of the third quarter of 2013 and follows moves by other investment banks to wind down their private equity investment activities.
April 19, 2013 17:05 (IST)
Dell Inc said a consortium led by Blackstone Management Partners LLC has decided not to submit a definitive proposal to acquire the company and is withdrawing from the process.
New York, United States | April 16, 2013 13:48 (IST)
Citigroup reported that its investment banking revenue from advising companies on mergers rose 84 per cent to $204 million in the first quarter. It was the third consecutive period of big gains in investment banking revenue.
New York, United States | April 15, 2013 09:29 (IST)
Many top US companies have been cutting forecasts for their earnings at a rapid pace in recent weeks, but an analysis of historical data shows that rather than being a cause of despair it may be a reason for investor optimism.
New York, United States | April 12, 2013 17:51 (IST)
Net income rose to $6.53 billion, or $1.59 a share, from $4.92 billion, or $1.19 a share, a year earlier.
Moscow | April 09, 2013 16:08 (IST)
Russian conglomerate Sistema may invest up to $1 billion (Rs 5446 crore) in India in 2013-2015, the head of its Indian mobile phone unit Sistema Shyam TeleServices, Vsevolod Rozanov, said on Tuesday.