Goldman cuts 10 percent of bankers in Tokyo

November 10, 2008 on 11:25 pm | In Business News | No Comments

TOKYO (Reuters) - Goldman Sachs Group has cut about 10 percent of its investment bankers in Tokyo, including one of Japan’s top women bankers, as part of global efforts to cut its workforce, people familiar with the matter said.

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Goldman cuts 10 percent of bankers in Tokyo

Signs of China slowdown feed into deep recession fears

November 10, 2008 on 11:20 pm | In Business News | No Comments

SINGAPORE (Reuters) - Evidence of a weakening Chinese economy and feeble data from Australia and Britain reinforced fears of a prolonged global recession on Tuesday, as policymakers groped for a co-ordinated response to the downturn.

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Signs of China slowdown feed into deep recession fears

Economy fears dog Asia stocks

November 10, 2008 on 10:06 pm | In Business News | No Comments

HONG KONG (Reuters) - Asian stock markets and commodities retreated on Tuesday while the yen pushed higher as a souring economic outlook took some of the wind out of investor …

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Economy fears dog Asia stocks

Oil falls 3 percent as dollar gains

November 10, 2008 on 9:44 pm | In Business News | No Comments

TOKYO/SINGAPORE (Reuters) - Oil prices tumbled more than $2 to near $60 a barrel on Tuesday as a firmer dollar and renewed gloom over the global economy wiped away the brief euphoria that greeted Beijing’s $600 billion stimulus plan.

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Oil falls 3 percent as dollar gains

Starbucks profit and outlook disappoint

November 10, 2008 on 5:34 pm | In Business News | No Comments

LOS ANGELES (Reuters) - Starbucks Corp’s quarterly profit fell more than Wall Street expected as its U.S. business weakened and it began booking charges for closing 600 stores.

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Starbucks profit and outlook disappoint

Starbucks profit tumbles

November 10, 2008 on 4:41 pm | In Business News | No Comments

LOS ANGELES (Reuters) - Starbucks Corp posted lower quarterly profit on Monday on weakness in its U.S. business and began booking charges related to closing 600 domestic stores.

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Starbucks profit tumbles

Recession fears eclipse AIG rescue

November 10, 2008 on 4:36 pm | In Business News | No Comments

NEW YORK (Reuters) - The United States pledged more support for struggling insurer AIG on Monday as international action to halt the financial crisis failed to dent investor sentiment that the economy was in for a long and deep recession.

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Recession fears eclipse AIG rescue

Santander raises 5.8 billion pounds

November 10, 2008 on 4:33 pm | In Business News | No Comments

MADRID/LONDON (Reuters) - Spain’s Santander launched a shock $9.2 billion (5.8 billion pounds) rights issue on Monday as traditionally strong banks joined ailing rivals in bolstering their capital in the face of recession.

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Santander raises 5.8 billion pounds

Global stocks fall as euphoria over China plan fades

November 10, 2008 on 4:28 pm | In Business News | No Comments

NEW YORK (Reuters) - U.S. stocks fell and risk aversion returned on Monday after the initial euphoria over China’s nearly $600 billion (384 billion pounds) stimulus plans faded and news of corporate distress kept investors focussed on economic worries.

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Global stocks fall as euphoria over China plan fades

DHL to cut 9,500 jobs in U.S.

November 10, 2008 on 2:36 pm | In Business News | No Comments

CHICAGO/BONN (Reuters) - Deutsche Post will slash 9,500 jobs and halt U.S. domestic services at its DHL Express unit after failing for five years to gain share in a market dominated by United …

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DHL to cut 9,500 jobs in U.S.

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