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...That's not to say that layoffs are not still happening. Earlier this week, UBS reportedly made cuts in its wealth management division. And overall, the number of workers in the financial services business in New York State fell by 2,800 in February to 659,800. But that was after two months of gains in employment in the industry. And February's drop was much smaller than the losses the industry had a year...
...Earlier this week, E-Trade hired Steven Freiberg to be the online broker's chief executive. Freiberg will get paid $1 million a year for his new position plus bonus, which the firm has guaranteed will be $3 million a year for the first two years. Mid-sized investment firm Jefferies has hired nearly 50 bankers in its healthcare industry practice in the past few months. Goldman Sachs, too, says it expects to hire 60% more recent graduates this year than it did a year ago. Even Citigroup, which a year ago looked like it was headed for Wall Street...
...country is finally using the profits from its plentiful natural resources, such as natural gas and a horde of minerals, to lift up its citizens. "Foreigners used to think of Indonesia as a place of natural disasters," says Gita Wirjawan, the head of the nation's investment board, who earlier this year traveled to the U.S. to drum up interest in his homeland. "But now they realize that this is a $550 billion economy that's on an upward trajectory...
...from ?1 to 50 pence in order to undercut the competition. This strategy is certainly more realistic. Lebedev can afford to take the financial risk, having made a fortune through the $668 million sale of his stake in Aeroflot, the Russian airline, and other businesses in his native country earlier this year...
...left-wing commentator's show was canceled after Prime Minister Silvio Berlusconi accused him and two other presenters of making "criminal use" of RAI, the biggest public television network in Italy. Santoro waged a long court battle against the broadcaster and prevailed, going back on the air in 2006. Earlier this month, however, RAI suspended all of its political talk programming until regional elections are held on March 28, citing a need to maintain its political balance. This time, Santoro decided that his show, Annozero, would go on. He filmed a live version of his program Thursday that was streamed...