Archive for January 22nd, 2009

A spokesman said job cuts were revealed in an internal memo and that that number of jobs lost will be revealed next month when UBS posts fourth-quarter figures.
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Toyota will replace most of its top management later this year as incoming President Akio Toyoda aims to return the Japanese automaker to profit, a report says.
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The company revised its forecast sharply lower because of a deteriorating business environment and a stronger yen, and said it will make further cost cuts in an effort to return to profit.
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The insurer has begun the auction of its Asian life assurance unit in the hopes of raising up to $20 billion to help repay a U.S. government loan, a report says.
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NEW DELHI: Investors should buy India?s banks, developers and carmakers, which are among companies that will benefit most from a possible interest rate cut and economic stimulus plans, JPMorgan Chase & Co said yesterday.
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The company revised its forecast sharply lower because of a deteriorating business environment and a stronger yen.
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