HSBC to cut 25,000 jobs, slash billions from costs
HSBC will cut costs by as much as $5 billion within two years, laying off as many as 25,000 staff, the banking behemoth has told investors in a much-anticipated update.
MONEY (MSM)
HSBC to cut 25,000 jobs, slash billions from costs
HSBC will cut costs by as much as $5 billion within two years, laying off as many as 25,000 staff, the banking behemoth has told investors in a much-anticipated update.
Netflix shareholder vote, Angry Birds flies again and 'wife bonus' book controversy
Yahoo Finance’s Midday Movers is live each weekday at 12pm ET, covering all the latest news on the markets, the economy and the biggest stories of the day.
Apple WWDC may be a letdown for investors
Apple shares have barely budged in months and there’s not much on deck at the WWDC annual meeting to change that.
Fed needs to take away the punch bowl: Lindsey
The Fed has may have to raise rates more quickly than it wants after holding off on a hike, Larry Lindsey tells CNBC.
2015: Year of subprime comeback?
As the housing market continues to stabilize, a possible trend seems to be re-emerging, the demand to invest in subprime loans.
McDonald's sales top estimates after Europe outperforms U.S.
McDonald’s Corp., pursuing a comeback under new Chief Executive Officer Steve Easterbrook, reported May sales that narrowly topped analysts’ projections after growth in Europe helped make up for a lingering slump in the U.S. Global same-store sales fell 0.3 percent in the period, the Oak Brook, Illinois-based company said in a statement Monday. Europe was a bright spot for a company struggling with sluggish demand in both Asia and its
Must go faster than end-June for Greek deal: France's Hollande
Greece and its international lenders must speed up talks to reach a deal before an end-June deadline to avoid doubts and speculation about Greece’s future in the euro zone, French President Francois Hollande said after a G7 meeting. “There is an end-June deadline,” Hollande told a news conference, referring to the end of a bailout program for Greece and repayment deadlines to the IMF. “This is the latest possible deadline
Experts worry that 'phony numbers' are misleading investors
As the stock market climbs ever higher, professional investors are warning that companies are presenting misleading versions of their results that ignore a wide variety of normal costs of running a business.
Apple to build high-speed network for fast content delivery
Apple Inc. is assembling a high-speed network and upgrading how it builds data centers, a push to be more competitive with Amazon.com Inc., Google Inc. and Microsoft Corp. in cloud services, people familiar with the plans said. Up to now, Apple has relied mostly on traditional network providers and technology suppliers to support consumer services such as iTunes for music and movies, iCloud for storing photos and other content and