Pay has been slow to rise, but polls find that many employees never even ask for a raise.
Here are 7 ways market leaders stay ahead of the competition - and ahead of the curve.
Bill Gross said he was fired from Pacific Investment Management Co., the first time he’s publicly confirmed that he was dismissed from the firm he co-founded in 1971.
Asia-focused bank Standard Chartered could need $4.4bn in of extra provisions to cover losses from commodities loans, potentially forcing it to raise billions of dollars from investors, analysts said on Monday.
When Keita Young left her job as a lawyer to raise children she never imagined taking an eleven-year break.
Deutsche Bank, which runs Europe’s largest investment bank, said challenges that cut into revenue last year will probably persist as the bank reviews its strategy.
Standard Chartered, the lender that generates most of its earnings in Asia, is close to selling private-equity investments valued at about $600m, said three people with knowledge of the talks.
Tullett Prebon has announced that it has accelerated the growth of its US operations following the acquisition of 40 brokers from New York-based inter-dealer brokerage services firm, Murphy & Durieu L.P.
In a year where many hedge funds posted unimpressive returns, Citadel, the Chicago money-management giant known for its swift movement and out-of-stock positions, generated more than 23 percent returns in its equity hedge fund and almost 18 percent in its multi-strategy flagship funds, Kensington and Wellington, according to someone who reviewed the numbers.
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.
The North Sea oil industry, once a huge moneyspinner for the Treasury, is set to become a £1bn burden for the taxpayer next year as the plunging crude price hits revenues.
Measures targeted at an army of overseas sellers using Amazon and eBay to evade VAT were at the heart of a £12bn tax clampdown announced by the chancellor.