World Business News

Lloyds Banking Group has cut another 810 jobs just a day before the pricing of the rights issue aimed at securing the group's future. Lloyds, which has already axed 12,500 roles since its shotgun wedding with HBoS, said the cuts...

The company reported a quarterly profit after one-time items that beat Wall Street expectations on the strength of its beef and pork businesses, but investors focused on the performance of its poultry operations, which came in well below that of...

REI-UN said Monday it will raise another $100.9-million by issuing new units. The country's largest shopping mall trust will sell 5.5-million units at $18.35 each in a bought deal offering, a slight discount to Monday's closing price of $18.70. While...

But the sector will still need $22 billion in investment – while import duties on foreign-made cars will have to rise to at least 40%. VTB Analyst Elena Sakhnova says the decision now facing the government stems from past policy failures....

Chrome OS , even if it proves to be a failure as an operating system. Skeptics will argue that Chrome OS isn't an operating system at all, and isn't that revolutionary...Google needs two things and two things only to increase...

Shares expected to see active trade in Tuesday's session are Hormel, Heinz, Barnes & Noble and Hewlett-Packard. Hormel Foods Corp. ( HRL ) is expected to report fourth-quarter earnings of 68 cents a share, according to a consensus survey by...

Industrial metals are also benefitting from bets that an improvement in the world economy will lead to an upturn in demand. Gold reached a record of $1,173 an ounce in New York , boosted by weaker US currency. "Gold appears...

The European Central Bank's extraordinary monetary stimulus measures are set to phase out by design, but governments also need to begin putting together detailed plans to exit fiscal stimulus measures once economic conditions improve, ECB President Jean-Claude Trichet said in...

S scorching heat was just a memory yesterday, with many cities and towns across the state recording only half the temperatures of the previous day. In Sydney, the temperature reached 22.1 after the southerly change came through, 20 degrees cooler...