US non-farm payrolls increase less than projected

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Source: Forexpros
US non-farm private payrolls advanced less than initially expected last month, reported ADP. The non-farm employment increased by 170,000 on a seasonally adjusted basis last month, confronting the expectations of a 190,000 rise.  The non-farm payrolls increased by 292,000 in the preceding month.
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Thu, 02 Feb 2012 09:01:46 GMT

American Airlines to cut 13,000 jobs

American Airlines announced it would cut 15% of its payroll, or 13,000 jobs.  The AMR plans to reduce staffing costs by 20% to cut spending by USD 2 billion and increase revenue by USD 1 billion per year. The company that filed to protection against bankruptcy is ready to provide all due payments to its staff. The company is going

Thu, 02 Feb 2012 10:34:43 GMT

Deutsche Bank reports a 76% drop in profit

Deutsche Bank AG, German biggest lender posted a 76% drop in 4th quarter profit as European debt turmoil harmed trading. Net revenue declined to EUR 147 million compared to EUR 601 million in previous year. Analysts predicted the net income to be at EUR 556 million. Deutsche Bank had a EUR 422 million pretax loss. 

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