Business News
ABJ - February 12 - Troubled British bank Barclays is firing least 3,700 people as its new chief executive puts his stamp on a recovery process. the troubled British bank by aiming to cut 1.7 billion pounds ($2.7 billion CDN) in annual costs and raise ...
ABJ - February 11 - Pope Benedict is resigning as of Feb. 28, becoming the first pontiff in almost 600 years to voluntarily step down from the highest position in the Roman Catholic Church. The 85-year-old Benedict shocked even those in his close inner circle ...
ABJ - February 11 - U.S. Airways and AMR Corp are apparently close to formally announcing an $11 billion merger that would create the world's largest airline.Under terms of a deal that are still being finalized, U.S. Airways CEO Doug Parker would assume the same ...
ABJ - February 7 - The Federal Reserve has acknowledged that an outside party gained access to its website and a limited amount of data, raising questions about the central bank's cyber-security measures."The Federal Reserve System is aware that information was obtained by exploiting a ...
ABJ - February 7 - The number of Americans filing new claims for jobless benefits fell last week and a trend reading hit a near five-year low, pointing to ongoing healing in the labor market.According to the Labor Department, initial claims for state unemployment benefits ...
ABJ - February 6 - Britain's Royal Bank of Scotland will pay British and American authorities the equivalent of $615 million and plead guilty to wire fraud in Japan to settle allegations it manipulated international interest rates.More than a dozen traders at RBS offices in ...
ABJ - February 5 - British oil company BP announced quarterly profit down a fifth from a year ago, after it sold assets in preparation for what could be its biggest oil spill payout when the case comes to trial later this month.BP, the last ...
ABJ - February 4 - Oracle Corp. is set to buy Acme Packet Inc. for about $2 billion. Acme’s specialty is making hi-tech equipment that speeds up voice, video and data delivery across networks.The $29.25 per share offer represents a 22 percent premium to Acme ...
ABJ - February 4 - As first reported late last week, Twitter was in fact compromised by hackers but the social media site was quick to respond and appears to have limited the potential damage. Anonymous hackers attacked Twitter early Friday and may have gained ...
ABJ - February 1 - Good news on the economic front, with the Labour Department reporting job growth nationwide increased modestly in January and gains in the prior two months were bigger than initially reported. It seems to be further evidence that the American economy ...
