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Goldman Sachs Lay Off Staff

Goldman Sachs to lay off employees again. Goldman Sachs is undertaking cost cutting measures in light of issues with its bottom line. Job cuts are in the offing, with some getting the axe as early as this week as the business continues to face rough waters.


Midcap Shares Fall Amidst Talk of Share Sales in India

Share values fall on rumors of sales of pledged stocks. Share values fell for small and midsized companies on rumors that pledged shares of specific companies were being offered for sale.

The Carlyle Group Names Jacques Chappuisto Lead Solutions Business

Global alternative asset manager The Carlyle Group, today announced that Jacques Chappuis will join the firm as Managing Director and Head of the Solutions business segment

Asia's Lender CIMB Group Sees 4.5% Drop in Fourth-Quarter Net Profit

The Malaysian company reported net profit of 1.08 ringgit for the quarter ending on December 31. (Photo : Reuters) Asian lender CIMB Group Holdings Bhd reported that its net profit for fourth-quarter declined by 4.


Latest News

Greenbriar has been negotiation to buy solar product properties as it focuses on expanding real estate business.
The auto maker is not expecting China Investment Corp. to buy 10% in the company (Photo : Reuters) Bodo Uebber, chief financial officer of Germany's car manufacturer Daimler, said that they are not expecting sovereign wealth fund China Investment Corp.
Richter has said that it has formed a new joint venture with its marketing partner to improve direct presence in the Chinese pharmaceutical market.
Royalty Pharma has been making big approaches to acquire the royalty rights for Tysabri from the Irish drug maker.
The following are mergers under review by the European Commission on Monday. The following are mergers under review by the European Commission and a brief guide to the EU merger process: APPROVALS AND WITHDRAWALS - Private equity firm Triton to acquire Finnish grocery chain Suomen Lahikauppa from IK Investment Partners (approved Feb.
Copperbelt will pay $164 million to take 60% stake at Abuja Electricity Copperbelt Energy Corp. of Zambia has announced that it would acquire 60% of the stake at Abuja Electricity Distribution Co.
Barilla, world's largest pasta manufacturer, will be selling its German unit to focus on high-margin food products.
Pearson denies plans to sell Financial Times. (Photo : Reuters) Pearson, the British education and media group, through its new CEO reiterated that the Financial Times is not for sale.
Vodafone chooses Wirecard for mobile payment services. Wirecard, the biggest payment systems provider in Germany has announced that it has been chosen by Vodafone to carry the mobile carrier's payment system.
Barclays increases stake in Absa. Absa Group's minority shareholders openly supported a plan to purchase the African operations of Barclays Plc. The purchase would amount to US$2.