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Companies team for technologies
FRANKFURT, Germany, Feb. 4 (UPI) -- Germany's Deutsche Bank expects to take a $911 million charge this year to cover 4,800 job cuts and other efficiency measures.
News of the bank's planned layoffs and accompanying financial charges came as it reported fourth-quarter profits that were ahead of expectations, the Financial Times reported Friday.
Last quarter the bank dropped about 1,600 workers.
Chief Executive Josef Ackermann is cutting costs to drive up the bank's pre-tax return on equity to 25 percent from its current 17 percent.
"The investments we have made in our core businesses, together with our planned cost savings, underline our firm commitment to deliver on our financial targets," Ackermann said.
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ASUNCION, Paraguay, May 22 (UPI) --
Land-locked Paraguay is hoping the latest investor seeking oil in its promising western region will have better results than previous prospectors.
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WASHINGTON, May 22 (UPI) --
A U.S. Senate committee report has revived controversy over alleged counterfeit Chinese electronic components entering U.S.-made defense equipment and weapons.
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Like housing markets overall, the market for luxury homes is growing tighter as the spring buying progresses. Though still a buyer's market, the ILHM Luxury Housing Report for last week shows a pattern of rising prices and fewer days on market since...
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What if Europe turned out to be the new Japan?
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