BP will cut hundreds of jobs across its global oil and gas business by the end of next year in a $1 billion restructuring program announced on Wednesday following steep falls in oil prices.
Regions
McDonald's to pare U.S. menus, ingredient lists
McDonald's Corp said on Wednesday it plans to cut the number of items on its U.S. menus and use fewer ingredients in food as it moves to speed up service, bolster sales and offer consumers personalized options to compete better with Subway and Chipotle Mexican Grill.
U.S. third-quarter growth likely to be revised higher on services data
U.S. economic growth was likely stronger in the third quarter than previously reported, according to data on Wednesday that showed spending on services expanding at a brisk clip.
Rouble fall, sanctions hurt Russia's economy: Medvedev
The weakness of the rouble is hurting Russia, which has lost tens of billions of dollars because of sanctions imposed by the West in the Ukraine crisis, Prime Minister Dmitry Medvedev said on Wednesday.
U.S. mortgage applications rise in latest week: MBA
Applications for U.S. home mortgages rose last week as both purchase and refinancing applications increased, an industry group said on Wednesday.
Latest News
A new British tax on companies that shift profits out of the country and into tax havens will target inter-company fees for services like use of intellectual property, according to a Treasury document seen by Reuters.
A surge of oil and gas production will drive the U.S. economy 1 percent higher in 2040 than it would have otherwise grown, and energy exports will only stoke the expansion, an independent study on energy policy concluded on Tuesday.
Tax deals that entertainment firm Walt Disney Co, commodities group Koch Industries and others agreed with the Luxembourg authorities were revealed on Tuesday by the International Consortium of Investigative Journalists (ICIJ).
Spain's Santander (SAN.MC) said it was not considering buying out the 28 percent of its U.S. auto finance business that is currently listed on the stock market after Bloomberg reported earlier on Tuesday the Spanish bank was mulling such a move.
New Scotland Yard, the headquarters of London's storied police force and one of the British capital's most famous landmarks, has been sold to an Abu Dhabi investor, paving the way for its macabre but private museum to open to the public elsewhere.
Intel Corp on Tuesday unveiled a new platform to make it easier for companies to create Internet-connected smart products using its chips, security and software.
Belden Inc, a maker of networking and cable products, said it will buy Tripwire, a Portland-based cybersecurity firm, for $710 million. Belden said the transaction will add 65 cents per share to adjusted income from continuing operations in 2015.
Sony Corp's (6758.T) movie studio could face tens of millions of dollars in costs from the massive computer hack that hobbled its operations and exposed sensitive data, according to cybersecurity experts who have studied past breaches.
The U.S. Congress is moving this week toward putting off until 2015 any conclusive action on a tangle of Internet tax issues, including online access taxes and online state sales taxes.
