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Tax hike, cost reduction in Greece budget for 2016
Alexis Tsipras-led Greece government has proposed stringent measures in the budget for 2016 year. The draft budget for 2016 indicated a series of tough measures to restore normalcy in the ailing Greece economy.
These 10 cities consider short work hours as source of pride
In America, employees work an average of almost 47 hours a week and rather choose to have more flexible time on the job than less time. Normally a full-time employee works 40 hours or more in a week but at some Swedish firms, work period is cut to 30 hours. Studies showed that lesser hours of work makes employees more productive and promotes better morale, according to CNN Money.
Samsung may tap $55B cash reserves for share buyback
With discouraging response towards the new Galaxy smartphone, Samsubg's share price continued to move down in the market. Samsung's stock was trading 13 percent lower this year so far. Already Samsung's market capitalization dropped by $25 billion following lukewarm sales of S6 and Note 5 devices.
Wal-Mart cuts 450 jobs at headquarters
Earlier this week, hundreds of corporate and support jobs will be laid off at Wal-Mart Stores. The cuts come at time Wal-Mart is investing in billions to strengthen its e-commerce for better competition with Amazon.com and Target, giving hundreds of thousands of in-store workers raises.




