Barclays Plc (BARC.L) is cutting about 150 staff from its investment bank as part of the British bank's attempt to cut costs and improve profitability in the business, a person familiar with the matter said.
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Germans fret over Europe's future but still believe
The battle for Europe will be won or lost in Germany. On some days recently, it has looked like it might be lost. But that is to underestimate the deep German commitment to the success of European integration based on the rule of law.
China central bank official sees downward pressure on economy persisting: paper
Downward pressure on China's economy will persist in the second half of the year as growth in infrastructure spending and exports is unlikely to pick up, a senior central bank official was quoted as saying.
Nestle India targets growth in other businesses after Maggi scare
Nestle India Ltd will focus on growing its dairy, coffee and confectionary businesses, its new boss said, as the company battles to bring back its popular Maggi noodles that were pulled from shelves over safety concerns.
US tech companies lead the $100B market capitalization list
Three of the top companies by market capitalization in the US are technology companies established after 1970 that make waves in the global markets until today.
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Software startup Occipital has announced that the company received a round of funding from a group of investors. TechCrunch reports that the Series B funding worth $13 million was raised from investors Intel Capital, Shea Ventures, Grishin Robotics, and Foundry Group, who had previously participated in the first round of funding for Occipital.
A greater number of Americans are saving their hard-earned money, not for retirement but for emergencies. According to an annual survey by financial research firm Hearts & Wallets, household savings in 2014 was at 5.5%, nearly a percentage point higher than the previous year.
Crowdsourced business review site Yelp took a double whammy as its chairman filed his resignation after the company's stock plunged 28 per cent for the second quarter of 2015.
The creditworthiness of the world's largest economy seems to be drenched as US treasury has stopped issuing further debt citing reasons for reaching the borrowing ceiling.
The Amazon Dash, the dongle you can stick anywhere in your household for quick and convenient ordering, is now on sale exclusively for Amazon Premium customers only. Amazon will charge $5 for each.
Facebook has met nearly all expectations for the second quarter, yet shares fell soon after the release of its earnings report.
Yahoo has revealed that it has spent more than $1 million dollars for security researchers participating in their Bug Bounty Program.
Controversial real estate mogul and presidential hopeful Donald Trump has sold his New York Trump Park Avenue penthouse for 21 million dollars, said real estate listing agent Michelle Griffith.
Minimum wage increase has been a lingering issue in most economies. Part of the battle is determining its effects; however, shortly after Seattle began implementing $15 per hour minimum wage, a new study emerged focusing on increased product prices.
