United Kingdom | Wednesday, 3 December 2008

Losses Articles

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21. Credit crunch spells 20,000 City job losses
Almost 20,000 City jobs will be lost this year and next as the credit crunch takes its toll, a leading economics think-tank says.
14 Apr 2008
22. HSBC losses data of 370,000 customers
HSBC admitted on Monday that it had lost a computer disc with the personal details of 370,000 of its customers.
07 Apr 2008
23. US economy loses 80,000 jobs in March
The US Labor Department has released figures showing that 80,000 jobs were lost in March of this year, the third monthly drop in a row.
31 Mar 2008
24. M&B caps loss for failed property deal
Pub and restaurant group Mitchells & Butlers announced a strategic review on Tuesday and its loss for a failed attempt to spin off property assets was capped at 274 million pounds.
29 Jan 2008
25. A&L says to take Treasury investments hit
Alliance & Leicester said on Tuesday it would take a 185 million pound hit from losses on complex financial instruments, more than three times its previous estimate of 55 million.
29 Jan 2008
26. Yahoo plans to cut several hundred jobs
Yahoo is planning to announce cutbacks later this month that will likely lead to hundreds of job losses at the nearly 14,000 employee company, a source familiar with the plan said on Monday.
22 Jan 2008
27. EMI to cut up to 2,000 jobs
Music company EMI has announced it will be slashing between 1,500 and 2000 jobs worldwide as part of a restructuring plan to reduce costs by £200 million a year.
15 Jan 2008
28. Citi posts first quarterly loss
Citigroup wrote off a colossal $18.1 billion (9.2 billion pounds) on Tuesday and secured new capital as Merrill Lynch, also seen heading for big losses due to the U.S. subprime mortgage meltdown, announced a $6.6 billion shot in the arm.
15 Jan 2008
29. Credit Suisse shares fall on fears of fund losses
Credit Suisse may face losses on a money market fund that went sour but is unlikely to make big fourth quarter writedowns on its commercial mortgage and leveraged finance business, analysts said on Monday.
08 Jan 2008
30. UBS to write down billions
UBS AG, the world's largest wealth manager, unveiled $3.4 billion (1.68 billion pounds) in losses, swept out senior managers and slashed jobs in one of the biggest casualties yet worldwide from the credit crunch.
01 Oct 2007
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