Palash Ghosh

4471-4500 (out of 7238)

Palash has worked as a business journalist for 21 years in New York.

Moody’s Downgrades 12 British Banks

Moody’s believes that the UK government will “more likely now … allow smaller institutions to fail if they become financially troubled.” Shares of RBS and Lloyds were down as much as 3.5 percent in London trading.

Steve Jobs Dies: What Now Apple?

Jobs, who died just about month after he resigned as chief executive officer of Apple, has left behind a massive, perhaps incalculable legacy.

BBC Plans to Cut 2,000 Jobs, Drastically Reshape Programming

The British Broadcasting Corp. (BBC) said it will eliminate 2,000 jobs and drastically revamp programming in an effort to reduce costs by 20 percent over the next five years. The company plans to cut its budget by £670 million ($1 billion) per year.

Steve Jobs Dies: How Will Apple Shares React Thursday?

Historically, the sudden death of an active chief executive or chairman can prompt a sudden (and usually short-term) impact on a company’s underlying stock price – either positive and negative, depending upon various circumstances.

Yahoo Surges 10% on Reports of Renewed Microsoft Bid

In 2008, Microsoft tried -- and spectacularly failed -- to buy Yahoo at a price of $33 per share, which valued the company at about $47.5 billion. Yahoo now has a market cap of about $20 billion and is trading at just under $16 per share.

Trading Scandal: More Executive Heads Roll at UBS

Francois Gouws and Yassine Bouhara, the co-heads of UBS’ global equities, handed in their resignations, apparently taking responsibility for the actions of the London rogue trader who perpetrated illegal trades.

Pages