Heidi N. Moore
Aug 13, 2012 Google announced this morning it will lay off 4,000 people. They're all employees of Motorola Mobility, which Google recently bought.
Aug 9, 2012 The big defense contractors -- including Lockheed Martin and Pratt & Whitney -- say they may have to send out mass layoff notices to their employees in a few months. That's because they're worried that hundreds of billions of dollars in expected cuts to the Pentagon's budget will have a big effect on them.
Aug 7, 2012 As more people find work where there are jobs to be found, fewer workers are needed in state unemployment offices.
Jul 26, 2012 With costs to open rural bank branches prohibitive, tech companies look to turn payphones into virtual banks.
Jul 20, 2012 Several big American companies -- General Electric, Schlumberger, Microsoft -- reported weak earnings and quarterly losses today. The question is, are we due for another round of major layoffs?
Jul 19, 2012 According to the Financial Times newspaper, four big European banks have joined Barclays in the not-so-prestigious club of financial institutions being investigated for rigging a benchmark lending rate called LIBOR.
Jul 18, 2012 Bank of America just reported its quarterly earnings and they're better than expected: $2.5 billion in profit. What does that mean for the U.S. economy on the whole?
Heidi N. Moore
Jul 17, 2012 In the face of a tough banking market and disappointing earnings, Goldman Sachs announced this week that it will build a private bank -- joining the ranks of UBS and U.S. Trust and others -- that will manage and lend money to very wealthy individuals and companies.
Jul 17, 2012 A congressional watchdog panel will be grilling executives from the British bank HSBC about -- get this -- money laundering, drugs and terrorist financing.
Jul 11, 2012 News this morning that Bob Diamond, the former head of Barclay's bank has given up $30 million in bonuses after resigning over that interest rate rigging scandal. And the scandal has brought up the issue -- yet again -- of whether current regulations on the financial industry are adequate.