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New rules for olive oil in Europe
NEW YORK, Jan. 10 (UPI) -- U.S. financial giant American Express Co. said Thursday it would cut 5,400 jobs in an effort to reduce costs.
The move would bring the firm's total payroll down by 8.5 percent, The Wall Street Journal reported.
The company broke the news in its fourth-quarter corporate report in which it said it had taken a $400 million charge for the restructuring.
The company also said it earned a profit of 56 cents per share or $637 million in the fourth quarter. Profits would have reached $1.09 per share or $1.2 billion if not for the restructuring charge and other one-time expenses, the Journal said.
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LONDON, May 20 (UPI) --
British investigators say they are "urgently reviewing" whether to join a European Union probe of three oil companies for alleged gasoline price-fixing.
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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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