Search Results for: Total
World Bank to cut 500 jobs in some units as part of revamp
October 31st, 2014
The World Bank said it plans to cut 500 jobs over the next three years as part of a broad restructuring meant to make it more efficient but that has rattled employees. The cuts, announced on Thursday, represent about ...
Oikonomia, Revisited
October 31st, 2014
My knowledge of ancient Greek is not significantly different from zero, but every student of economics at some point runs into oikonomia, the root word from which economy and economics were later derived. For example, in describing the etymology ...
$1.5 Million Sent in Error to Money Manager
October 30th, 2014
Credit Suisse is trying to find Joseph Galbraith, manager of Galbraith Capital Investment Management, to which the bank says it sent the money in January. In the board game Monopoly, when the bank makes an error in your favor, ...
FCA fines Yorkshire Building Society £4,135,600
October 29th, 2014
Financial Conduct Authority (FCA) has fined Yorkshire Building Society (YBS) with the amount of £4,135,600 for failings when dealing with its mortgage customers experiencing payment difficulties. Between 1 October 2011 and 31 July 2012, call handlers at YBS, dealing with ...
Energy groups left bruised as falling oil prices bite into profits
October 29th, 2014
Tumbling oil prices have hit the earnings of two big London-listed energy companies, in one of the first tangible signs of how the oil supply glut is reverberating across the global economy. FTSE 100 oil and gas producers BP ...
Latham and Bakers’ Saudi associates take key roles on $6bn National Commercial Bank IPO
October 27th, 2014
Latham & Watkins and Baker & McKenzie’s association firms in Saudi Arabia have won key roles advising on the IPO of the country’s largest lender, the National Commercial Bank (NCB). The $6bn (£3.7bn) flotation is the largest-ever listing in ...
Asia stocks mostly rise after European bank stress tests
October 27th, 2014
Asian stocks mostly rose after most of Europe’s largest banks passed a stress test aimed at checking the strength of the region’s financial system. European regulators examined the balance sheets of 130 lenders. In total, 25 banks failed, ten ...
Investing: Can you retire on $1 million?
October 24th, 2014
Probably. But you have to be smart about your investments and your withdrawals. some tips. If you read any financial advertising, you know that your savings are inadequate, and you’re likely to freeze to death in the dark a ...
Microsoft sales lifted by the cloud
October 24th, 2014
Microsoft continues to look to the cloud as it releases first quarter earnings. Lifted by strong momentum in its Internet cloud-based offerings, Microsoft on Thursday said its fiscal first-quarter revenue jumped to $23.2 billion, topping Wall Street estimates. The ...
SEC: Rengan Rajaratnam Settles Insider Trading Charges
October 24th, 2014
The Securities and Exchange Commission (SEC) has announced that former hedge fund manager Rajarengan “Rengan” Rajaratnam has agreed to pay more than $840,000 and accept securities industry bars in order to settle the agency’s insider trading case against him. ...
