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SHELL: We'll cut 10,000 jobs
Shell will cut 10,000 jobs in its merger with BG Group, and sell $30 billion (£21 billion) worth of assets, to protect its profitability in an era of cheap oil.The oil producer put out a fourth quarter...
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This tech CEO has been given $200 million to invest in 'garage' start-ups
Tech Mahindra, a $4-billion (£2.8 billion) IT services firm in India, is aiming to invest $200 million (£141 million) in what its boss calls "garage startups."CEO CP Gurnani told Business Insider he...
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Investors hate that Britain’s biggest pub chain is going to pay staff a...
JD Wetherspoon — the budget pub chain with more than 1,000 locations across Britain – released a trading statement on Wednesday morning, and investors are not at all happy with what it says.On the face...
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UK EMPLOYMENT — Getting better and better
The UK's unemployment rate continues to confound expectations, falling faster than analysts' forecasts.The headline rate of those out of work fell to 5.1% for November, according to the Office for...
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'Billions,' the new drama Wall Street will be obsessed with, just became...
"Billions," Showtime's new series about high-power Wall Street executives and hedge fund managers, just premiered to 3 million viewers, making it the network's most successful pilot of all time.So when...
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The 12 regions in the UK where people get paid the most
Where you live in the country can have a big bearing on how much you earn, but just how big is the gap between wages in the UK's different regions?Using data from the ONS, business-to-business...
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Stressed-out Britain is going crazy for colouring books for grown-ups
Stressed-out Britons are turning to colouring books for peace of mind.That may not be good for the future mental health of our society, but it is great for booksellers such as WHSmith.The company had a...
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Meet the big shot residents of 15 Central Park West
The ultra luxury condominium at 15 Central Park West is home to New York City's most powerful bankers, hedge funders, business tycoons and foreign billionaires. The building boasts an array of...
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The 25 best jobs in Britain, as chosen by employees
Anonymous employee review website Glassdoor on Wednesday released its annual ranking of the 25 best jobs in Britain.Glassdoor lets former and current staff rate both their employers, and the roles they...
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Theresa May's £1,000-per-year tax on smart people is the worst idea in...
The UK economy could not be poised in a more dramatic position right now, and Home Secretary Theresa May has come up with a plan to wreck it.Here is what's going on:Employment rose to 74%, an historic...
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ROUBINI: It's not 2008 — yet — but governments need to act fast
We interviewed New York University economics professor Nouriel Roubini at this month's World Economic Forum in Davos, Switzerland.Roubini, who earned the nickname "Dr. Doom" during the global financial...
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World markets are getting slammed (SPY, DJI, IXIC, USO, WTI, OIL, VDE, BNO)
Global markets are selling off again.On Wednesday, the rout began in Asia, where Japan's Nikkei index closed in a bear market — defined as a 20% drop from a recent top — while Chinese stocks in Hong...
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10 things you need to know before the opening bell (spy, spx, qqq, dia, ibm,...
Here is what you need to know.There's red everywhere. Hong Kong's Hang Seng (-3.8%) led markets lower in Asia, and France's CAC (-3%) is the laggard in Europe. S&P 500 futures are down 32.50 points...
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If you ignore a bunch of stuff, Goldman Sachs had a great quarter
Goldman Sachs on Wednesday reported fourth-quarter earnings that were a beat if you exclude a big one-off settlement.The firm reported diluted earnings per share of $1.27 on revenue of $7.27 billion.It...
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Here's a brief guide to what traders are talking about right now (SPY, DJI,...
Via Dave Lutz at JonesTrading, here's a quick guide to what traders are talking about on Wednesday morning:Good Morning! US Futures are getting whacked early, with the S&P off 1.8% and Nasdaq 2% -...
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Big Chipotle investor held steady during stock's fourth-quarter plunge
BOSTON (Reuters) - Fidelity's Contrafund, the biggest mutual fund investor in Chipotle Mexican Grill Inc, held steady in the company during the fourth quarter, even as an outbreak of food-borne illness...
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Tech's big security problem: 'We're building 500mph cars with breaks that can...
Around 2,500 power brokers from over 100 countries are gathered at the elite World Economic Forum (WEF) Annual Meeting 2016 in Davos, Switzerland, this week to discuss the "Fourth Industrial...
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Here comes CPI ... (USD, TLT, TLO)
The latest reading on inflation via the consumer price index is set for release at the bottom of the hour.According to Bloomberg, economists estimate that headline CPI was flat in December compared to...
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Here come housing starts ... (DIA, SPX, SPY, QQQ, TLT, XHB)
The latest reading on housing starts and building permits is set for release at the bottom of the hour. Expectations are for the report to show starts rose 2.3% in December to an annualized pace of 1.2...
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EUROPE IS IN PANIC MODE
European markets dived into the red on Wednesday morning, and they don't look they'll be coming out any time soon.All major stock indexes were lower by around 2% or more at the open, and have kept...
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