Steelmaker ThyssenKrupp to cut 3000 office jobs Watertown Public Opinion Steel and elevator maker ThyssenKrupp says it will cut 3,000 of its 15,000 office jobs over the next three years to streamline the company’s administration. The company says the move is part of an effort to make its business structure more efficient and … Follow…

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New Straits Times Japan Nuclear Regulator Freezes Steps To Bring Fast-Breeder Reactor Back … Wall Street Journal TOKYO–Japan’s Nuclear Regulation Authority decided Wednesday to freeze further steps to bring the Monju prototype fast-breeder nuclear reactor back online, criticizing the reactor’s operator for a series of significant safety lapses. The authority said in a … Japan’s…

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Economic Times HSBC Plans Up to $3 Billion in Cost Cuts Wall Street Journal HONG KONG—HSBC Holdings PLC said it plans by 2016 to achieve further cost cuts of $2 billion to $3 billion by streamlining. “We will continue to exert tight cost discipline whilst streamlining processes and procedures. This enables us to invest in…

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Economic Times French Economy Falls Into Recession Wall Street Journal PARIS—The French economy fell into recession in the first quarter of the year, data showed Wednesday, highlighting the challenge French President François Hollande faces in fighting rising unemployment and controlling public finances. The second-largest … French Economy Slips Into Recession, Adding Pressure on HollandeBloomberg France…

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Philly.com Dispute over Pa. gas drilling fees Wall Street Journal PITTSBURGH — Gov. Tom Corbett’s energy executive is questioning research that says Pennsylvania’s Marcellus Shale impact fee will generate billions of dollars less in long-term revenue than the same natural gas production in West Virginia. Survey: Pa. residents give cautious support for gas drillingPittsburgh Post…

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Allianz Q1 Profit Rises; Confirms 2013 Operating Profit Outlook – Quick FactsRTT NewsGerman insurer Allianz SE (AZSEY.PK) reported that its first-quarter of 2013 net income attributable to shareholders was 1.7 billion euros, a year-on-year increase of …

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Bank of England joins chorus of Bloomberg boos CITY A.M. THE BANK of England joined the swathe of voices criticising Bloomberg for abusing its clients’ trust yesterday, saying that allowing journalists to access client information had been “reprehensible”. The UK’s central bank also said it was collaborating with a … Follow the money. Find the…

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The Independent An entertaining clash of corporate cultures The Independent If all you knew about Daniel Loeb, the US hedge fund boss who yesterday called on Sony to spin off its lucrative entertainment business, was based on the letter he personally delivered to Sony’s chief executive, Kazuo Hirai, you’d be forgiven for thinking that ……

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Business Insider Australia Homeland Security cuts off Dwolla bitcoin transfers CNET Immigration and Customs Enforcement confirms an “ongoing investigation” that led to Dwolla cutting off bitcoin transfers to Mt. Gox. Declan McCullagh. by Declan McCullagh. May 14, 2013 4:47 PM PDT Follow @declanm. John Morton, director of U.S. … US federal court order halts Dwolla…

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Wall Street Journal What to watch: Stocks still better value than bonds – USA Today USA TODAY NEW YORK — U.S. stocks, which hit another record high Tuesday, aren’t as cheap as they were when this bull market began in March 2009. But by one valuation measure, they’re still more attractively priced than the 10-year…

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