Costs may have to come down as much as $567m.
Shop assistants, nurses and teachers are among the unhappiest workers in the UK when it comes to their pay, according to a survey that highlights widespread dissatisfaction after years of falling real wages.
The boss of Mattel, the company that makes Barbie dolls, was fired on Monday after the firm reported collapsing profits as girls fall out of love with Barbie and Ken.
Investors interested in bitcoin shouldn't be troubled by its sharp price decline, according to two of its most high-profile advocates.
Top performing traders will devour the largest slice of this year’s reduced bonus pool, their overall compensation worth multimillions of dollars.
An irritating snip-snip and metallic clicking was coming from a couple of seats away this morning.
Reverend Stephen Carlsen went to a seminary, not business school, but he's quickly becoming an expert on how Wall Street works as his church battles America's largest bank.
As another World Economic Forum comes to a climax, global leaders remain at odds over the role of financial regulation, and whether the industry has learned from the mistakes of the past.
Joshua Wilkes, co-head of investment-grade credit at Deutsche Bank, has left the firm, according to two people with knowledge of the matter.
The price of the digital currency bitcoin rose sharply on Monday with news that the U.S. is set to have its first regulated exchange.
Credit Suisse, the lender overhauling its investment banking unit, hired ex-Deutsche Bank executive Henrik Aslaksen to handle some of its biggest clients.
Citigroup agreed to accelerate the $2bn purchase of its headquarters complex in Manhattan’s Tribeca neighborhood, moving up the planned completion date by a year and a half.
Hedge funds suffered the worst withdrawals last quarter since the tail-end of the financial crisis as wild swings in stocks and commodities caused losses at some of the best-known firms.