Wells Fargo to cut 2,300 mortgage jobs as refinancing slows
(Reuters) – Wells Fargo & Co , the largest mortgage lender in the United States, will cut 2,300 jobs in its home loan business because fewer customers are refinancing as interest rates rise, according to an internal memo reviewed by Reuters.
Officials in three states fight suit against American Airlines-US Airways merger
MIAMI/ATLANTA (Reuters) – Officials in three states are pushing back against the U.S. government’s attempt to block the proposed merger of American Airlines and US Airways to create the world’s biggest airline, saying the combined company would benefit…
HP switches executives as revenue slides
SAN FRANCISCO (Reuters) – Hewlett-Packard Co replaced Dave Donatelli with Bill Veghte at the helm of its second-largest business division on Wednesday, reassigning the star executive to a new role identifying potential tech acquisitions as it reported …
Analysis: Detroit carmakers wrestle with Silicon Valley VC model
DETROIT (Reuters) – Detroit automakers General Motors Co and Ford Motor Co , trying to shake off decades of insularity, are looking to California’s Silicon Valley and beyond for innovative ideas and technology that could disrupt and even transform the …
Few clues on timing of QE3 reduction in Fed minutes
NEW YORK (Reuters) – A few Federal Reserve officials thought last month it would soon be time to slow the pace of their bond buying “somewhat” but others counseled patience, according to meeting minutes that offered little hint on when the U.S. central…
Elizabeth Arden CFO Stephen Smith to join Hain
(Reuters) – Perfume maker Elizabeth Arden Inc’s Chief Financial Officer, Stephen Smith, will join food maker Hain Celestial Group Inc .
Bloomberg to appoint ombudsman after customer complaints
NEW YORK (Reuters) – Bloomberg LP will appoint an ombudsman and create a task force to review the way the company gathers news after a report confirmed its journalists routinely looked at client information intended for customer support employees.
SEC’s JPMorgan probe threatens cozy tradition of “client hires”
HONG KONG (Reuters) – The U.S. government’s bribery investigation into JPMorgan’s employment of at least two Chinese bankers has prompted banks and other corporations across the globe to take a close look at their hiring practices.
Target blames Canada and cautious shoppers as it warns on year
(Reuters) – Target Corp warned of weak annual sales and profits on Wednesday as U.S. shoppers remain cautious and its new Canadian stores are not doing as well as anticipated.
Insight: Barrick Gold’s Peter Munk seeks to regain his Midas touch
TORONTO (Reuters) – Peter Munk has long driven the agenda for Barrick Gold Corp, the company he formed in 1983 and built into the world’s largest gold producer, but recent missteps have raised questions about the leadership of a man once seen as a visi…
