American Express Co will cut more than 4,000 jobs this year, an executive said, after the credit card company also reported higher quarterly expenses and provisions for bad loans.
United States
United States says trade holdouts can't keep global deals hostage
New world trade talks had to level the playing field between developed and developing economies on farm support and avoid being held hostage by countries unwilling to open markets, U.S. Trade Representative Michael Froman said in an opinion piece to be published on Thursday.
U.S. refinery workers, oil firms start talks for new contract
Union and oil company negotiators began talks on Wednesday for a new nationwide contract covering hourly workers at 63 U.S. refineries that account for 64 percent of national refining capacity, according to a union spokeswoman.
Gates foundation sees huge gains against disease, poverty by 2030
Worldwide child deaths will be halved over the next 15 years, polio, guinea worm and river blindness will be eradicated, and there will be a single-dose cure for malaria.
New York's governor outlines $142 billion state budget, caps spending
New York's Governor Andrew Cuomo announced a $142 billion state budget on Wednesday that keeps spending growth below 2 percent and promises more money for big-ticket infrastructure projects while cutting property taxes.
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President Barack Obama said on Tuesday the United States and not China must write trade rules for Asia and called on Congress to give the White House a freer hand to close trade deals.
Online travel agency Orbitz Worldwide Inc (OWW.N) is exploring a sale and has drawn interest from private equity firms and other internet companies, Bloomberg reported, citing people with knowledge of the matter.
Salix Pharmaceuticals Ltd SXLP.O, a maker of bowel drugs, is working with investment bank Centerview Partners Holdings LP to explore its options, including a potential sale to a larger drugmaker, according to three people familiar with the matter.
Space Exploration Technologies (SpaceX), founded by Elon Musk, said it has raised about $1 billion in a financing round with two new investors, Google Inc and Fidelity.
Wal-Mart Stores Inc (WMT.N) has launched a service allowing customers to pick up tax refunds in cash at stores across the United States.
United Continental Holdings Inc (UAL.N) said on Tuesday it is considering whether to exchange aircraft orders it has placed with Boeing Co (BA.N) for larger 777-300ER jetliners, also made by the Chicago-based planemaker.
Wall Street investment bank Morgan Stanley said it would pay a smaller portion of revenue in bonuses to its bankers and traders this year even in a better revenue environment.
"The Interview," the Sony Pictures comedy believed to have triggered a cyber attack on the studio, has racked up over $40 million in sales from 5.8 million digital downloads, the studio said on Tuesday.
International Business Machines Corp posted a new 2015 profit target and quarterly revenue that both missed analysts' estimates, as the one-time world technology leader continues to grapple with its journey from low-margin hardware maker to the new world of cloud computing.Shares of IBM, which is still the world's largest technology services company, but no longer regarded as a leader in innovation, fell 1.6 percent to $154.48 in extended trading.
