TOP 100 FINANCIAL SITES
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| Macy's To Slash 2,300 Jobs Macy's Inc. said it will cut about 2,300 management jobs as the department store operator consolidates three regional divisions and decentralizes buying in a bid to reduce costs and boost sales. feeds.cbsnews.com |
Insurer Amlin posts record pretax profit in 2007 LONDON (Reuters) - Insurer Amlin made record pretax profit of 445 million pounds in 2007, helped by low catastrophe claims, reserve releases and strong investment income. feeds.reuters.com |
Lawsuit filed against Bear Stearns over employee stock plan NEW YORK (MarketWatch) -- A second lawsuit was filed Monday against Bear Stearns Cos. (BSC) on behalf of the participants in its employee stock-ownership plan in the wake of an agreement to sell the investment bank to JPMorgan Chase & Co. (JPM) at a fire-sale price of $2 a share. feeds.marketwatch.com |
Europe Markets: Drugmakers, miners contribute to end-of-week European gains European shares wobbled after some weaker-than-expected U.S. jobs data highlighted ongoing problems in the U.S. economy on Friday afternoon but gains from drug makers and miners helped stocks to hold onto early gains. feeds.marketwatch.com |
Credit Suisse cuts 500 more investment bank jobs LONDON (Reuters) - Credit Suisse Group is axingabout 500 more jobs across its investment banking and sharedservices divisions, the Swiss bank said on Tuesday. feeds.reuters.com |