The world’s largest mobile-phone company plans to cut hundreds of jobs in the U.K. to reduce costs amid the economic slowdown, a report says. More: continued here
The world’s largest mobile-phone company plans to cut hundreds of jobs in the U.K. to reduce costs amid the economic slowdown, a report says. More: continued here
Royal Bank of Scotland could sell a fifth of its global business in a return to its retail banking roots, a report says. The move could pare 20,000 jobs. More: continued here
Japan’s No. 2 automaker named Takanobu Ito, an expert in auto development with experience in the U.S., as its new president. More: continued here
Cell Therapeutics is selling off the remaining 50% stake in its cancer drug Zevalin for $18 million in a desperate bid to keep the company afloat. More: continued here
Asian stocks ended mostly higher Monday, with the Hong Kong benchmark up almost 4%, on reports the U.S. government might take a larger stake in Citigroup. European shares were trading higher. More: continued here