Archive for February 23rd, 2009

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