Bank of New York Mellon to ax 1,800 jobs
The Bank of New York Mellon Corp. said Thursday it will cut its worldwide work force by 4 percent, or about 1,800 jobs, blaming the weak global economy.
Sexism award goes to 'ugly ducklings' mayor
An Australian outback mayor's plea for lovelorn female "ugly ducklings" to move to a remote mining town to reverse a shortage of eligible women has won him the country's yearly award for outrageous sexism.
Citigroup eyeing options, including a merger
Citigroup Inc shares fell sharply again on Friday as the second-largest U.S. bank by assets mulled a variety of options to save itself, including a possible merger or asset sales.
NBC: Obama to nominate Clinton for State
Transition and Democratic officials say the junior senator from New York will be nominated for secretary of state sometime after Thanksgiving, barring unforeseen issues.
Phone workers peek at Obama's cell records
Verizon employees snuck a peek at President-elect Barack Obama's old cell phone records and will be reprimanded accordingly, the company said late Thursday.
Bush signs bill providing extra jobless benefits
The White House said Friday President Bush has signed into law a bill that Congress approved to keep benefits flowing to jobless Americans through the holiday season.
Wall Street launches rally after steep sell-off
Wall Street experienced some relief early Friday following a report that a pounded-down Citigroup Inc. might put itself up for sale.
Attorney General Mukasey collapses
Attorney General Michael Mukasey was conscious and alert early Friday — and took a get-well call from President Bush — just hours after he collapsed during a speech to a black-tie dinner.
Bush effigy burned at Iraq protest
Followers of a Shiite cleric on Friday stomped on and burned an effigy of President Bush in Baghdad as they protested a proposed U.S.-Iraqi security pact on Friday.
GM to announce more production cuts
General Motors Corp. is telling workers that it will make further production cuts at several factories, according to people briefed on the discussions.
