Citigroup Inc revealed plans to cut 52,000 jobs by early next year in Chief Executive Vikram Pandit's most dramatic move yet to restore profitability and bolster a sagging share price. The cuts,
U.S. industrial output rebounded in October after hurricane disruptions produced a stunning fall in September, but early data suggested manufacturing would suffer this month, according to reports on Monday. U.S. industrial production
Japan on Monday became the latest major economy to fall into recession, with France close behind, and U.S. stocks followed world markets lower after Citigroup said it would cut 50,000 jobs, adding
European shares fell further late on Tuesday, tracking losses in the U.S. market, as mining stocks declined on weaker metal prices and banks slipped on persistent concerns about the financial sector's health.
Top handset maker Nokia Oyj said on Friday the world's mobile phone market would fall in the fourth quarter and next year as an economic slowdown crimps consumer demand around the world.
Banking on the global appeal of Japanese pop and video games, social networking site MySpace said it would more than double the number of artists on its Japanese pages to get more
As Congress debates legislation to help struggling automakers on Monday, many Americans said they were uneasy with the plan, arguing that while it may save jobs, it would reward companies for pursuing
Asian stocks slipped on Monday in choppy trade, despite some buying of Japanese shares by long-term investors, on expectations corporate results will reflect deteriorating economic conditions until at least the second half
Japan became the latest major economy to fall into recession Monday with France close behind, and the IMF said it needed at least $100 billion to fight the billowing economic crisis enveloping
SAP associates Supernova Consulting Ltd., have won the contract to install the SAP Business All in One vertical retail solution for the ESEL-Spolp cooperative retail stores chain. The software solution aims to
