HSBC announces job cuts and radical overhaul as profits slide
It faces uncertainties caused by the grinding US-China trade war, Britain's departure from the European Union and now the deadly new coronavirus in China.
NBA trade rumours: Teams speculated to make big roster changes
Teams such as the Lakers, 76ers, and the Knicks are bound to make significant changes in the next three weeks.
CAPA crowns British Airways 'Airline of the Year'
The Centre for Aviation gave out awards to various airlines and airports, crowning British Airways the "Airline of the Year."
Cleveland Cavaliers open to trading All-star Kevin Love as part of team restructuring
Love has confirmed news from his agent that Cleveland is negotiating with other teams for a potential trade.
Sony is restructuring its PlayStation division to prepare for PS5
Sony is making big changes to how its PlayStation division will handle marketing before the PS5 launches in 2020.
HSBC CEO says bank underperforming in Europe, US as profits slip
The new HSBC CEO has plans to axe some 4,000 jobs, primarily away from its more profitable businesses within the Greater China region.
UK retail king Tesco says CEO to step down in 2020
Tesco CEO Dave Lewis wants to move to new challenges next year.
Forever 21 joins the list of US retailers filing for bankruptcy
Forever 21 has filed for bankruptcy and will be restructuring by closing down stores in Asia and Europe.
Boeing's 777X will benefit from the Airbus A380's demise
Airbus will stop building the A380 jumbo jet in 2021 -- which should boost demand for Boeing's new 777X aircraft family.
Ford Job Cuts: How Will Its $11 Billion Restructuring Plan Help?
Ford will cut thousands of jobs in Europe as part of a $11 billion restructuring plan that will occur over the next three to five years.
Angry over cutbacks, Trump threatens to end subsidies to GM
General Motors announced it would shutter five plants and slash 14,000 jobs in North America, many of them in the U.S. Midwest.
Death of an American icon: Retail giant Sears files for Chapter 11 bankruptcy protection
A decade ago shares were trading at around $141. They are now below the $1 benchmark.
380,000 British Airways customers' credit card details stolen by criminals
Shares in BA's parent company, IAG, were down 2 percent on Friday.
Why Turkey's currency crisis could trigger global chaos
Turkey is the proverbial canary in the coal mine - a local manifestation of global problems and an indication of looming ones as well.
Rolls-Royce axes 4,600 jobs in purge of middle managers
English city of Derby will feel the brunt of the jobs cut as the engineering giant Rolls-Royce restructures.
Carnage on the High Street:169 year-old House of Fraser teeters on the brink
House of Fraser is to close half its stores in a last-ditch attempt to survive rapidly changing retail landscape.
Deutsche Bank battered by bad news and downgrade
Deutsche Bank's new chief executive Christian Sewing admitted the effects of bad "newsflow" had undermined staff morale.
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Carillion collapse: 'Directors too busy stuffing their mouths with gold'
MPs blame financial immolation of construction giant on greedy, reckless bosses.
Samsung's profit exceeds expectations thanks to memory chips
More than 70 percent of its latest quarterly operating income was generated by the semiconductor division.
Legendary guitar-maker hanging by a string: Gibson faces bankruptcy
The iconic guitar-maker Gibson that has been used by pop stars as diverse as Bob Marley and Guns N' Roses axeman could face bankruptcy.
Octoly data leak: Personal details of 12,000 social media influencers exposed in cloud storage error
The social media influencers included in this database, mostly young and female, span across the globe from France to the rest of Europe and the US.
Decentralisation experts unpack the problems of 'Web 3.0'
Nick Szabo, Zooko Wilcox and Paul Frazee talk about the goals and challenges of the next generation of the internet.
Plunge in Capita shares sparks fresh doubt in outsourcers weeks after Carillion collapse
40% drop on back of profit warning as outsourcing giant says it needs to raise £700m.
'There is a disaster looming': Carillion collapse could replicate 2008 banking crash
Carillion boss Keith Cochrane accuses RBS and banks of deliberately scuppering a deal to keep the company afloat.
'We don't live in 1999': Toys R Us puts 3,200 UK jobs at risk and Twitter is showing little sympathy
The retail brand is required to put £9m into its pension fund for the Pension Protection Fund (PPF) to agree to its restructuring plan.
Thousands of UK jobs at risk as Toys R Us nears administration
Up to 3,200 jobs are at risk at troubled toy retailer Toys R Us after the Pension Protection Fund told it to plug a black hole in its pension scheme.
MIT's Alexander Lipton discusses Monetary Circuit Theory and central bank digital currency
Monetary Circuit Theory says money is created by commercial banking system in the form of credit while central banks act as mere system stabilisers and liquidity providers.
Conor McGregor rematch? Floyd Mayweather 'could make a billion dollars' with multi-fight UFC deal
Floyd Mayweather claims that, if he wanted to, he could earn as much as $1bn by agreeing a three or four-fight deal to come out of retirement and test his skills in the octagon.
Toys 'R Us to close 25 UK stores resulting in hundreds of job losses
Toys 'R Us to close 25 of its 105 UK stores as it struggles to compete with online stores.
Italy's stagnation maybe over but it's staring at a painfully long road to recovery
Low rise in labour productivity suggests the Italian economy's catch-up is likely to take a long time.