Toshiba accounting probe set to prompt board reshuffle, possible fines
TOKYO (Reuters) – A probe into an accounting scandal at Toshiba Corp is expected to find that top management were responsible for failures on a company-wide scale, setting the stage for a board overhaul, results restatements and potentially hefty fines…
Alstom first quarter transport sales and orders beat expectations
PARIS (Reuters) – Alstom , which is selling its power equipment business to General Electric Co , posted first-quarter sales and order intake in its remaining transport segment that beat expectations and confirmed its medium-term growth target.
Greek banks ready to open Monday as Merkel urges swift bailout talks
ATHENS (Reuters) – Greek banks are ready to open their branches across the country on Monday after a three-week shutdown, officials said, while German Chancellor Angela Merkel called for swift aid talks so Athens could also lift withdrawal limits.
Survey shows growing U.S. shortage of skilled labor
WASHINGTON (Reuters) – U.S. employers are finding it increasingly difficult to find skilled workers, according to a survey published on Monday, suggesting upward pressure on wage growth down the road.
StanChart CEO Winters grabs reins in management shake-up
HONG KONG (Reuters) – Standard Chartered Plc Chief Executive Bill Winters will take more direct responsibility for the bank’s biggest business divisions, as he seeks to restore the fortunes of the emerging markets-focused bank.
Barclays plans to cut more than 30,000 jobs: The Times
(Reuters) – Barclays Plc plans to cut more than 30,000 jobs within two years after firing Chief Executive Antony Jenkins this month, The Times reported on Sunday.
Greek banks ready to open Monday as Merkel urges swift bailout talks
ATHENS (Reuters) – Greek banks are ready to open their branches across the country on Monday after a three-week shutdown, officials said, while German Chancellor Angela Merkel called for swift aid talks so Athens could also lift withdrawal limits.
Shell expected to reduce capex for the year: FT
(Reuters) – Royal Dutch Shell , which is all set to acquire rival BG Group Plc , may cut its capital expenditure for the year by several billion dollars from the previously announced $33 billion figure, the Financial Times reported on Sunday, citing so…
German economy likely grew by around 0.3 percent in second-quarter: finance ministry
BERLIN (Reuters) – The German economy likely grew by around 0.3 percent in the second quarter, the finance ministry said on Monday, adding that the mood in corporate boardrooms remained largely optimistic despite the Greek debt crisis.
WTO negotiators agree tariff cuts on more IT products
NEW YORK (Reuters) – World trade negotiators seeking to eliminate tariffs on information technology (IT) products agreed over the weekend to expand the list of items covered.
