The power supply maker says it had to make the move due to slow growth and intense competition.
A hacker defaced the Angry Birds website following reports the NSA was using data from the smartphone game to spy on users.
Wine sales by leading world auction houses declined for the second straight year
Reuters reports that Indian IT companies are retaining experienced workers despite higher costs.
The news comes after Lloyds announced it is to slash more than 1,000 jobs.
Year of the Horse: Chinese New Year is one of the busiest periods for KFC's China sales
Bribery probe comes as another blow to Foxconn's reputation, following labour and worker safety issues in China.
Jefferies Group is a US investment bank owned by Leucadia National Corp
Brazilian authorities say those prices are set to rise further
Central Bank spends about $115m to rein in foreign exchange black market, according to WSJ.
Bank of England governor is set to speak on whether Scotland will keep the pound
Man said to be behind malware faces charges over $5m bank thefts.
BitInstant CEO and Bitcoin Foundation vice president Charlie Shrem released on $1m bail after money laundering arrest.
Umunna says it was not fair of him to mention Gee 7 without giving the firm the opportunity to reply.
Energy and infrastructure projects at risk in East Africa's largest economy.
Deal will help Tokyo end its self-imposed ban on arms exports.
FTSE 100 up 0.3% to 6,572.54 points just before noon.
An update to Facebook's Android app in the UK has revealed it requires permission to access your text messages.
AIB received a €21bn rescue package between 2009 to 2011
The losses will fall within the employer's retail, risk, operation and commercial banking divisions.
Reserve Bank of India raises its benchmark interest rate to 8% from 7.75%.
Damage to South Sudan's oil industry could cripple its future.
Former Co-op Bank deputy chairman Rodney Baker-Bates gives evidence over 'Crystal Methodist' Flowers
China Credit Trust reached deal with investors to repay their investment in $500m investment scheme.
Police find body of retired banker at his Kensington home.
But NEST says a vast majority of UK employees think having more to live on than the state pension is a minimum.
The Royal family cash in on numerous investments, assets and companies
Tech majors made deal with US government in bid to repair their tainted public image amid NSA scandal.
Bitcoin, litecoin, dogecoin and dozens of other crypto-currencies see heavy losses after BitInstant CEO Shrem arrested.
Honda's North American arm shipped 108,705 vehicles out of the US in 2013.