ATLANTA (Reuters) - Home improvement retailer Home Depot Inc is closing three call centers that aid its home services business, cutting about 950 jobs, a spokesman said on Tuesday.
SINGAPORE (Reuters) - The British government has drawn up a bill to nationalize Northern Rock Plc if the struggling lender fails to strike a deal with a private buyer, the Daily Telegraph newspaper reported on Wednesday.
NEW YORK (Reuters) - A former Morgan Stanley financial analyst and her husband, an ex-hedge fund analyst at ING, were sentenced to a year and half each on Tuesday for insider trading.
NEW YORK (Reuters) - Fannie Mae said on Tuesday it will sell $7 billion of preferred stock and slash its dividend 30 percent to shore up its capital base through 2008 as the U.S. housing slump worsens.
HONG KONG (Reuters) - Hong Kong Disneyland's first two years of operation were "not satisfactory" and the city government -- a co-owner of the park which opened in 2005 -- would keep pushing for improvements, a senior official said on Wednesday Walt Disney Co's second outpost in Asia has missed its attendance goals for two years running in the face of stiff competition from incumbent local competitor Ocean Park.
TOKYO (Reuters) - Wal-Mart Stores Inc. said on Wednesday it had completed an $849 million bid to buy out minority shareholders in loss-making supermarket chain Seiyu Ltd. , raising its bet on the Japanese market.
NEW YORK (Reuters) - Implementing the proposed bailout of subprime borrowers who face foreclosure may be so difficult that it will turn out to be no better than the loan modification efforts already underway, analysts said.
BOSTON (Reuters) - Eight states sued the maker of Camel cigarettes on Tuesday, charging that a promotion in an issue of Rolling Stone magazine violates a 1998 agreement not to use cartoons in its marketing efforts.
AMSTERDAM (Reuters) - The U.S. economy might fall into a recession if U.S. consumption is hit by rising mortgage costs and declining housing prices, Robeco's Chief Executive told Reuters on Tuesday.
NEW YORK (Reuters) - GMAC Financial Services, the finance firm owned by Cerberus Capital Management LP and General Motors Corp , is expected to name a chief risk officer as early as Wednesday, the Wall Street Journal said in its online edition.
