Major American banks, including Citigroup and Goldman Sachs, temporarily lowered their debt in the past five quarters before reporting it to the public in order to mask risk levels, says a media report.
The Nifty ended at 5420, down 40 points. The market breadth was weak. Out of 3059 stocks traded on the BSE, there were 1208 advancing stocks as against 1739 declines.
Attributing to people familiar with the development, The Wall Street Journal reported that UBS AG's brokerage unit in the US is laying off nearly 200 employees, including about 25 managing directors.
Sunil Maheswari, the chief executive officer and co-founder of Mango Technologies Pvt Ltd, has many accomplishments to his credit. MINT-Wall Street Journal described Mango Technologies as one of the 'Top Ten Startup Companies of 2008'.
The market breadth was positive. Out of 3055 stocks traded on the BSE, there were 1503 advanxing stocks as against 1422 declining stocks.
The size of the job cuts could not be ascertained.
Following the order, the Peace and Harmony Committee of the Delhi Assembly deferred its proceedings, and said it would notify the further course of action and the next date of sitting in due course of time.
Attributing to people familiar with the situation, The Wall Street Journal said executives at the New York company plan to narrow the focus of Citigroup's US branch network to six major metropolitan areas.
Financial services major Citigroup's top executive Tom King is leaving the company after 20 years of service and is likely to join Barclays Plc, a media report said.
Faced with tight financial conditions Airbus may need to cut production next year as the European plane maker anticipates two 'difficult' years ahead, Airbus chief executive Tom Enders said.
The big lesson to learn from the world's worst financial crisis is that nations and industry should see globalisation as a friend.
In an interview to The Wall Street Journal, Oracle chief executive Larry Ellison said that he is setting a new course for Oracle that includes hiring 2,000 sales and engineering employees and developing a line of high-end computer systems.
Infosys Technologies Ltd expects to find acquisition opportunities in the US during the downturn, co-chairman Nandan Nilekani was quoted as saying on Friday. "Acquisitions will definitely be very accessible in this market from a price point of view," Nilekani told the Wall Street Journal in an interview. "If it makes sense, we'll do it."
The NSE Nifty added 40 points to end at 5119. The market breadth was positive. Out of 2966 stocks traded on the BSE, there were 1533 advancing stocks as against 1304 declines.
The NSE Nifty settled at 10,454.95, down 121.90 points, or 1.15 per cent.
The developmental efforts undertaken by India to help rebuild a war-ravaged Afghanistan have stirred concerns in neighbouring Pakistan, a media report said on Wednesday.
American private equity firms, banks and hedge funds, once a substantial resource for Hollywood films, have seen their coffers dry up over the past two years.
According to The Wall Street Journal, Deutch joined Citi's board in 1996, after leading the Central Intelligence Agency.
The Wall Street Journal quotes General Stanley McChrystal, who is running America's ground war in Afghanistan, as predicting that US casualties will remain high for months to come, even as he plans to change strategy by increasing the number of troops in heavily populated areas like Kandahar, where the Taliban insurgency is at its strongest.
FBI is probing a computer-security breach targeting Citibank that resulted in a theft of tens of millions of dollars by hackers who appear linked to a Russian cyber gang, according to a media report.
The NSE Nifty settled at 10,234.65, down 225.45 points, or 2.16 per cent.
The Nifty shut shop at 5270, up 17 points. The market breadth was marginally positive at close. Out of 2998 stocks traded on the BSE, there were 1680 advancing stocks as against 1217 declines.
Just a decade ago, a kind of muscular nationalism was the leitmotif for talent management within Indian corporations. Any suggestion of bringing in foreign talent had managers bristling with indignation.
'India should be aware that China will take full advantage of US domestic turmoil and reduced international prestige,' warns Colonel Anil A Athale (retd).
Apple's iconic chief Steve Jobs is back at work and his return will fuel debate over the company's disclosure practices which have drawn the attention of the Securities and Exchange Commission, says a media report.
Microsoft has also approached other big online publishers to persuade them to remove their sites from Google's search engine
Goldman Sachs has bounced back spectacularly from the financial crisis and so far this year it has earmarked $16.71 billion as compensation.
In addition to his taxable income of $400,000, the US President also receives additional allowance of $50,000 which is not taxable and is used for official purposes only.
Monetising online readership, a deeper focus on content and getting revenue from the reader are ways to make the business future-proof, observes Vanita Kohli-Khandekar.
At a board meeting last week, Benmosche told fellow AIG directors that he was 'done' but agreed to think it over after other board members reacted with shock.
The US Department of Treasury plans to sell its 27 per cent stake in Citigroup Inc, says a media report. The stake selling is part of a programme of regularly scheduled sales.
The affected executives include Michael Klein, who was co-head of the New York company's investment bank, and Kevin Kessinger, formerly in charge of operations and technology at Citi, the report published online said. Klein and Kessinger both got lucrative severance packages when they left last year, including periodic cash payments.
Several billionaires have rehabbed their fortunes during the recent bear market rally.
An American newspaper columnist has proposed a $100 billion buyout of Pakistan's nuclear arsenals, saying these weapons had become "an inviting target" for Jehadists."
Indian info-tech companies that once specialized in basic work are now providing high-value tasks such as R&D and business transformation services.
At the heart of these predictable manifestations of business cycles usually were financial instruments which became so popular that they came to be more commonly referred to by their abbreviations or acronyms than their original names.
Trying to adapt to changing market requirements amid recessionary conditions, corporate giants including Microsoft, IBM and Yahoo Inc are not only cutting jobs but are at the same hiring people in other business units, a media report says.
United States President-elect Barack Obama on Monday officially unveiled the economic team that will assist him in tackling what he termed 'an economic crisis of historic proportions'.Obama has named New York Federal Reserve President Tim Geithner as US Treasury Secretary and former Treasury Secretary Larry Summers as chief of the National Economic Council.
US Defense Secretary Robert Gates has refuted the whining of Pakistan's Ambassador to the US, Husain Haqqani who had contended in a recent article in the Wall Street Journal that the main reason Pakistan's counter-insurgency efforts this far against the Taliban and other extremist groups was because it had not been provided with proper equipment --attack helicopters and night visions goggles -- by the United States as promised.
When it comes to schools, there are no quick fixes, discovers Bill Gates.
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