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Job Losses To Be Made At RBS After It Reports Its Ninth Straight Year Without Profits

In order to try to offset the challenge of making a profit in a low-interest rate economy, the Royal Bank of Scotland announced that it plans to cut another £750 million in operating expenses next year. To deal with U.S. legal action and the scrapped sale of its Williams & Glyn business, the...

Could The Nokia 3310 Be Making A Comeback With Greater Privacy And Snake II

Its comparison to the living world can be drawn with the cockroach which has withstood millennial of evolution and remained alive. This device could be dropped from a plane or could even be run over or even crush it under a hydraulic press to try and destroy it. Yet it had retained its place among...

After Widening Sale To Majority Stake, Toshiba May Delay Chip Auction: Media Sources

After Toshiba said it would consider selling most, even all, of the marquee business, there are expectations that the conglomerate may delay the sale of its prized flash-memory chip unit.   "It's moving in that direction (of a delay)," reported the local media citing a source who reportedly...

Seeking to Block Termination of Merger, Anthem Obtains Restraining Order on Cigna

Smaller rival Cigna Corp was delivered a restraining order that blocks it from officially terminating their proposed $54 billion merger after Anthem Inc won a temporary that would delay the transaction that has already been rejected by U.S. antitrust regulators.   Saying it would keep the...

Berkshire Boosts Airline Stakes; Takes Huge Bite Of Apple

Nearly quadrupling its stake in Apple Inc and increasing its stake sevenfold in the four biggest U.S. airlines, Warren Buffett's Berkshire Hathaway Inc was an aggressive buyer of stocks in last year's fourth quarter.   Up from just from 15.2 million shares in the iPhone maker three months...

Arrest of Samsung Chief Again Sought by South Korean Prosecution

Samsung Group chief Jay Y. Lee, a suspect in a graft investigation that may topple President Park Geun-hye, was sought to be arrested by South Korea's special prosecutor's office as it said that it would again seek a warrant to arrest Lee.   On Monday, questioned for more than 15 hours by...

Apple Leaves Some Investors In Dust But Hits Record High

In what amounts to a victory for plain-vanilla mutual funds over a bevy of hedge fund managers who recently backed away from the iPhone maker, Apple shares cruised to a record-high close Monday, helping catapult the S&P 500 stock index over the $20 trillion mark.   Giving it a market...

While Other Perils Threaten, Toshiba Prepares To Unveil Nuclear Hole

Investor attention to the Japanese group's efforts to fix that and other balance sheet headaches would be turned as Toshiba Corp, after bruising cost overruns at its U.S. nuclear arm, will detail a writedown of close to $6 billion.   A year after a $1.3 billion accounting scandal, warnings...

Toshiba Left with $3.5 Billion Loss in Third Quarter from Nuclear Write-Down: Nikkei

The Nikkei reported on Sunday that in the nine months through December, Japanese conglomerate Toshiba Corp probably suffered a group net loss of about 400 billion yen ($3.52 billion).   The company suffered loss of around 600 billion yen on a U.S. nuclear unit that came to light in late 2016...

In Relation to Suspicion of Bribery, Samsung’s Lee is to be Summoned Again by South Korea Prosecutors

As the Samsung Group investigates a graft scandal that has engulfed the country's president, the group scion Jay Y. Lee will be questioned again on suspicion of bribery on Monday, said the South Korea's special prosecutor.   While a court rejected a warrant to arrest him in the inquiry into...

Goldman Hedge Fund Shifting Staff to U.S., Folding London Operations: Reuters

Folding its London operations into the United States and shifting staff members to New York is the Goldman Sachs Investment Partners (GSIP), which opened in 2008 with one of the biggest launches in hedge fund history, reported global news agency Reuters quoting four sources.   The sources...

$13.8 Billion Singapore Air Order has Boeing as the Front Runner: Bloomberg

Amid a battle with Chinese and Middle Eastern carriers and as Singapore Airlines Ltd. closes in on an order for at least 35 wide-body aircraft, Boeing Co. is the front-runner for the order, reports Bloomberg News.   The report quoted people with knowledge of the mater saying that after...
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