UBS cuts 10,000 jobs as it slims down investment bank arm
Swiss bank UBS has announced it is cutting 10,000 jobs worldwide as it slims down its investment banking activities. The jobs will go over the...
Business
Microsoft profits fall 22% ahead of Windows 8 launch
Microsoft has reported a 22% fall in quarterly profits, after deferring some revenue ahead of the upcoming releases of its Windows 8 operating system and...
Canada blocks Petronas’ $5.2 billion bid for Progress Energy
(Reuters) – Canada has blocked Malaysian state oil firm Petronas’ C$5.17 billion ($5.22 billion) bid for gas producer Progress Energy Resources Corp, a surprise move...
Global army of online freelancers remakes outsourcing industry
(Reuters) – Not far from the world of regimented cubicles and headset-toting call center operators, a quiet revolution is stirring in its slippers. University librarian...
Insight: Tiger time – the billionaire, the brewer, and a battle for the bottle
(Reuters) – As a two-month battle with Heineken for control of Tiger beer risked turning ugly, Thai billionaire Charoen Sirivadhanabhakdi telephoned Lee Hsien Yang, chairman...