German industrial giant Siemens to cut 4,500 jobs

German industrial giant Siemens plans to cut 4,500 jobs, or about 1% of its total global workforce, months after it announced plans to slash more than 7,000 jobs.

Morrisons supermarket suffers another sales fall

Supermarket Morrisons suffered a 6.3% fall in sales in the three months to 2 November compared with a year earlier.

Hewlett-Packard to split into two companies

Technology giant Hewlett-Packard, known as HP, is to split itself into two separate companies.

Former Autonomy finance boss fights back in HP row

Computer giant Hewlett-Packard (HP) has been accused in a court filing of "mismanagement" in its 2011 takeover of UK software firm Autonomy.

Microsoft to slash 18,000 jobs in deepest cuts in tech giant's history

Microsoft is embarking on the deepest cuts to its workforce in its 39 year history, axing 18,000 jobs over the next year, as it absorbs its newly acquired Nokia phone business and takes out layers of management.

Barclays sells its United Arab Emirates retail business

Barclays has agreed to sell its retail banking arm in the United Arab Emirates to Abu Dhabi Islamic Bank (ADIB).

Qantas meets unions over 5,000 job cuts

Qantas is meeting unions anxious about 5,000 planned job cuts, as rival Virgin posts a half-year loss citing tough conditions across the airline industry.

Wal-Mart lowers profits guidance

Wal-Mart has trimmed its trading outlook for this year, citing a range of one-off costs including the closure of some stores in China.

Barclays considering closure of a quarter of its high street branches

Fresh fears of job cuts in the banking industry were raised on Tuesday night after it emerged Barclays could close a quarter of its high street branches in coming years.

Hewlett-Packard plans 1,100 UK job cuts

The computer giant Hewlett-Packard says it is cutting 1,124 posts in the UK as part of a global downsizing. The US company says it will start the process next year.

Sharp says no investment deal with Taiwan's Hon Hai

TOKYO: The deadline for a crucial capital injection in Sharp from Taiwan's Hon Hai Precision lapsed Tuesday without any deal, the struggling Japanese electronics giant said, citing regulatory hurdles.

JP Morgan Chase takes job cuts up to 19,000

JP Morgan Chase has increased its planned job cuts to 19,000 by the end of next year.

Honda to cut 800 jobs in Swindon

Honda is planning to cut 800 jobs at its Swindon plant, blaming weak demand across Europe. The Japanese carmaker, which began manufacturing there in 1992, has been hard hit by the eurozone crisis.

GM sees European operations breaking even mid-decade

DETROIT: General Motors Co posted a surprisingly strong profit on Wednesday and said it was targeting a return to break-even levels in its European operations by mid-decade after a loss of as much as $1.8 billion in that region this year.

Peugeot to make deeper cuts after 819m euro loss

Struggling French car firm Peugeot has reported a loss of 819m euros (£638m) for the first half of the year and has detailed 1.5bn euros of cost savings.

Sony to cut 10,000 jobs worldwide

Tokyo, Japan - Sony Corporation has announced plans to cutting 10,000 jobs, about six per cent of its global workforce, according to media reports.