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New Navy submarine completes trials
LONDON, Feb. 8 (UPI) -- British bank Lloyds said it would cut 1,000 jobs, bringing its total job cuts since 2008 to 31,800.
The Sun newspaper reported that the bank, which is 40 percent owned by taxpayers who helped the bank struggle through the financial crisis, would close offices in Scunthorpe, Newcastle and Romford, Essex.
The bank's announcement came a day after it confirmed executive Truett Tate, who resigned on Monday, would be paid his annual salary of $1,037,000 next year, even though he has resigned.
He would also receive $253,000 in pension benefits, The Sun reported.
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TEL AVIV, Israel, May 17 (UPI) --
Nobel Energy of Houston, which discovered Israel's big gas fields in the eastern Mediterranean, is pressing the government to decide soon on an energy export policy as the prospect of an undersea pipeline to Turkey gains credibility.
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TEL AVIV, Israel, May 17 (UPI) --
mid growing concerns about security threats from Syria and Iran, Israeli Prime Minister Binyamin Netanyahu has greatly reduced planned defense budget cuts.
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Properties repossessed by lenders in the first quarter took an average of 477 days to complete the foreclosure process, up from 414 days in the previous...
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Nobody likes spending cuts but the champion of that attitude is clearly President Barack Obama, who seems to have a very clear pain-avoidance agenda.
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