Nokia Siemens Networks, the phone-equipment maker that Nokia Oyj is fully taking over, is considering reducing about 8,500 jobs to boost profitability, according to three people familiar with the matter.
Groupon’s choice of Eric Lefkofsky as permanent CEO entrusts the daily deals site’s turnaround plans to a controversial Chicago billionaire with a history of failed endeavours.
In 'Company News', Bloomberg's Rishaad Salamat reports on the top business stories of the day.
On 'Hot Shots', Bloomberg's Mark Crumpton reports on the day's most compelling images.
Deutsche Bank announced the appointment of James McMurdo as Chief Executive Officer of Australia and New Zealand, effective February 2014.
John Carmack, whose "Doom" and "Quake" helped revolutionize the video game industry, is looking to lead another upheaval with a technology that was once dismissed as a pipe dream.
Walmart has agreed to improve safety conditions at more than 2,800 stores in 28 US states after inspectors discovered "repeat and serious" health and safety violations at a store in Rochester, New York.
Mark Carney, the governor of the Bank of England (BoE) followed in the Federal Reserve's footsteps on Wednesday by linking the outlook for interest rates to unemployment, but experts are unconvinced of the advantages of his new plans.
U.K. job placements surged in July, according to a new report by KPMG, a day after the Bank of England said it would keep interest rates at record lows until unemployment falls.
The Bank of Japan met analyst expectations on Thursday as it kept its level of monthly purchases steady and its assessment of the economy unchanged at the conclusion of a two-day meeting.