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Asda to cut up to 750 jobs

Asda Fancy Dress

Asda has confirmed plans to cut up to 500 jobs in stores and 250 at its head office in Leeds as the retailer battles to protect profits while sales slide.

Jefferies CEO 'humbled'

Rich Handler Ice Bucket Challenge

Jefferies reported a fiscal first-quarter loss as revenue from trading stocks and bonds tumbled 82%, leaving CEO Richard Handler vowing to do better.



SEC Building

Ernst & Young agrees $9.3m settlement with SEC

The Securities and Exchange Commission has announced that public accounting firm Ernst & Young has agreed to pay $9.3m to settle charges that two of the firm’s audit partners got too close to their clients on a personal level and violated rules that ensure firms maintain their objectivity and impartiality during audits.