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Showing 81 - 90 of 103 results for "Job cuts"

Bad tidings we bring

BENJAMIN ONG  |  MONDAY, 12 JAN 2009
... the job shedding - 1.9 million - occurred in the last four months of 2008 with December accounting for 524,000 of the job cuts. Needless to say, the US unemployment rate jumped to a 16-year high of 7.2 per cent. US consumer spending will continue to ...

Macq reduces headcount

MICHAEL HOBBS  |  THURSDAY, 4 DEC 2008
... Macquarie Bank is the latest investment and banking firm to reduce headcount in the wake of the financial crisis with job cuts in its Melbourne and Sydney offices today. It is believed that more than 100 roles in Macquarie Capital were made redundant. ...

Planners spared AMP job cuts

RUTH LIEW  |  TUESDAY, 2 DEC 2008
AMP is axing 46 staff from its financial planning and advisory business - but the company confirms that its planners are safe and business operations will continue as normal. "There will be no impact on planner numbers," said an AMP spokeswoman. "We ...

Choice members up 25pc

MICHELLE BALTAZAR  |  FRIDAY, 28 NOV 2008
... Peter Philip, chief executive of InvestmentLink, the parent company of SuperChoice. The number will continue to rise as job cuts and people switching jobs also rise in the aftermath of the global financial crisis. Philip said it is estimated that up ...

Market Wrap - Morning

AAP  |  WEDNESDAY, 19 NOV 2008
... Hong Kong share prices closed 4.54 per cent lower on Tuesday, with sentiment hit by a fall on Wall Street and fears of job cuts amid a global economic recession, dealers said. The benchmark Hang Seng Index closed down 613.64 points at 12,915.89. WELLINGTON ...

Airing the dirty sub-prime linen

SUZY MAC  |  MONDAY, 29 OCT 2007
... despite an market expectation of further losses, Bank of America's investment banking workforce has not been so lucky with job cuts of 3,000. Some relief to these shocks and to market confidence could come from the US Federal Reserve where a rate cut ...

Sub-prime kills UBS profits, jobs

MICHAEL HOBBS  |  TUESDAY, 2 OCT 2007
Investment giant UBS has announced it expects a third quarter loss of up to $760 million, job cuts of up to 1,500 for the year and up to $3.85 billion worth of write downs stemming from its sub-prime related holdings. The group has warned it expects ...

Market wrap - midday

AAP  |  WEDNESDAY, 11 APR 2007
... winning streak in four years, as a rebound in oil prices buoyed energy shares and Citigroup gained on expectations of big job cuts. The Dow Jones industrial average rose 4.71 points to 12,573.85, the Standard & Poor's 500 Index gained 3.78 points to ...

Market wrap - morning

AAP  |  WEDNESDAY, 11 APR 2007
... winning streak in four years, as a rebound in oil prices buoyed energy shares and Citigroup gained on expectations of big job cuts. Reports that Citigroup Inc will cut at least 15,000 jobs lifted the No 1 US bank's shares 1.6 per cent, supporting the ...

Daily economic round-up

PETER BELL  |  MONDAY, 12 MAR 2007
... beyond the $US 975 billion supplied by Morgan Stanley. The New Century stock price has fallen 90 per cent this year and job cuts have been announced. More than twenty mortgage companies have closed operations, gone bankrupt or sold their operations in ...