Bank of America executives have discussed slashing roughly 40,000 jobs during the first wave of a restructuring, the Wall Street Journal reports, citing people familiar with the plans.
In a joint-session address Thursday, President Barack Obama said the United States faces a national crisis and pressed Congress to urgently pass a jobs package of tax cuts and government spending he is proposing to revive the stalled U.S. economy.
Allianz Global Investors has reduced the fees on its target-date funds by as much as 33 percent to compete with its rivals.
Australian mall developer Westfield Group is looking at a possible investment in a waterfront site in Toronto, Canada, the company said on Thursday, after recently announcing expansions plans in Europe and South America.
Hedge fund manager Daniel Loeb has acquired a 5.1 percent stake in Yahoo and demanded the resignation of Chairman Roy Bostock and a complete shakeup.
A decade after its World Trade Organisation accession, China has increased some discriminatory policies on foreign businesses, a European business lobby said on Thursday, casting doubt on official pledges to level the playing field.
China's central bank chief poured cold water on Thursday on talk that Beijing could make the yuan fully convertible as soon as 2015.
China's central bank chief poured cold water on Thursday on talk that Beijing could make the yuan fully convertible as soon as 2015.
Armstrong's family is determined to uncover the truth behind his death
In a nation whose love for gold is legendary, financial adviser Biju Daniel is one of scores of Indians who are rethinking how they amass riches through the precious metal.
The bank’s chief executive Stuart Gulliver warned in August that HSBC will cut up to 30,000 jobs around the world by 2013.
NASA currently has only 61 astronauts. To meet the demands of the International Space Station (ISS) crew requirement, NASA has to take significant steps to ensure that it maintains a highly trained corps for the upcoming programs.
Harris Williams & Co. has hired Mike Wilkins to help the investment-banking unit of lending giant PNC Financial Services (PNC.N) become involved in more Silicon Valley deals.
Fitch Ratings warned on Thursday that it might downgrade the credit rating of China within two years and there was a greater than even chance of a downgrade of Japan's credit status.
Nearly all deep-sea fisheries were found to be unsustainable, and marine scientists have called for putting an end to commercial fishing in the Earth's largest ecosystem.
Japan's core machinery orders tumbled in July at twice the pace economists' had expected in a sign that companies are delaying investment due to worries about a strong yen, slackening global growth and slow progress in reconstruction from the March earthquake.
Bank of America Corp Chief Executive Brian Moynihan is running out of time to fix the largest U.S. bank.
Deep-sea fishing is unsustainable, scientists argue.
Since Bartz succeeded Jerry Yang in January 2009, the shares have essentially gone nowhere.
Yahoo shares opened up 7 percent Wednesday following the ouster of CEO Carol Bartz, perhaps on speculation the rudderless Internet search engine might be a target.
Saab had to halt production in April because its suppliers stopped making deliveries after they were not getting paid.
Peru's leftist president signed a law on Tuesday requiring mining and energy firms to consult rural communities over new projects, a step aimed at averting conflicts that have stalled investments in recent years.
