NEWS - Careers
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Jobless Claims Drop During Most Recent Week06-08-12 - The number of individuals in the United States filing claims for jobless benefits declined during the week that ended in June 2, according to a report released by the U.S. Department of Labor (DOL) on June 7, 2012. The data contained in the recent DOL document...Read more... |
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Fannie Mae Names New CEO06-08-12 - Fannie Mae has named its new chief executive in its attempt to complete its comeback from a government bailout. Timothy Mayopoulos, the agency's top lawyer, has been selected as its new CEO. The appointment will be effective June 18. "Our thorough and...Read more... |
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Wall Street Finance Jobs Face More Potential Cuts06-07-12 - Bankers on Wall Street are readying themselves for further reductions in finance jobs as the weak state of the economy erodes the profits that are derived from various core businesses. Various market experts including analysts, investors and consultants have stated...Read more... |
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Unemployment Rises Amid Global Uncertainty06-04-12 - The unemployment rate edged upwards, bringing more bad news for the U.S. economy. The latest report from the Department of Labor showed that the jobless rate rose to 8.2 percent in May from 8.1 percent. Only 69,000 jobs were added in May, well below the average of 226...Read more... |
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ADP: U.S. Gained 133,000 Jobs in May06-01-12 - The U.S. added 133,000 jobs in May, falling short of economists' expectations of 150,000, according to the monthly employment projection from ADP Employer Services. Bloomberg reports that ADP also revised April's gain down to 113,000, with a number of...Read more... |
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H&R Block Concludes CFO Search05-25-12 - Tax services provider H&R Block recently announced it has appointed a former General Electric Company executive as its new chief financial officer. According to a release from the company, Gregory J. Macfarlane will take the helm of the company's financial...Read more... |
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Study Shows Pay Frozen in 92 Percent of London Finance Jobs05-22-12 - A new study from a financial services recruiting firm shows 92 percent of investment banking-related finance jobs in London experienced pay freezes over the past year, Reuters reports. The study, conducted by Astbury Marsden, examined more than 140 investment banking...Read more... |
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Capital One Slashes Finance Jobs from New Credit Card Business05-21-12 - After finalizing its acquisition of HSBC's U.S. credit card business, Capital One recently announced the elimination of approximately 1,000 finance jobs as part of an integration of the new business. According to MSN Money, most of the job cuts came from the HSBC...Read more... |
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JPMorgan to Reportedly Cut Finance Jobs in London05-18-12 - JPMorgan Chase & Co., which recently reported a $2 billion trading loss, is reportedly expected to eliminate 20 finance jobs from its investment banking unit in London on weakening market conditions, a source told Bloomberg News. According to the news source, the...Read more... |
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Credit Suisse to Eliminate 126 Manhattan Finance Jobs05-17-12 - Swiss bank Credit Suisse Group AG recently told state regulators in New York that it plans to eliminate 126 finance jobs in Manhattan over the next few months, the latest round of cuts being made by the financial institution. According to Bloomberg, the layoffs will...Read more... |
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French Banks Plan to Slash Thousands of Finance Jobs05-16-12 - Keeping with the recent trend seen across Europe, banks in France plan to cut thousands more finance jobs with the arrival of a new president likely paving the way for new regulations, Reuters reports. According to the news source, Societe Generale, BNP Paribas and...Read more... |
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TD Bank Plans to Slash 200 Jobs05-10-12 - TD Bank, which recently announced plans to create 90 new finance jobs in seven counties throughout Connecticut, will reportedly eliminate 200 positions at a customer call center in western Massachusetts. According to the Boston Globe, workers were told at a recent...Read more... |
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German Airline Appoints First Female CFO05-09-12 - Deutsche Lufthansa is the first major German company to appoint a woman as chief financial officer. The airline announced that Simone Menne will take over as CFO on July 1. The announcement came just prior to a shareholder meeting where the appointment is expected to...Read more... |
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Philip Morris CFO to Step Down05-08-12 - The chief financial officer of Philip Morris will retire this summer, kicking off a round of executive reorganization for the tobacco company. Hermann Waldemar will retire in July. He became the CFO in 2005, ushering the company through its 2008 spin-off from Altria...Read more... |
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U.S. Employers Add 115,000 Jobs as Unemployment Slips to 8.1 Percent05-07-12 - Job growth in the U.S. was weaker than anticipated in April as employers added only 115,000 positions while the unemployment rate decreased slightly to 8.1 percent, according to the Bureau of Labor Statistics. The numbers were generally regarded as a disappointment...Read more... |
