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Oil major BP freezes pay in 2015 to cut costs

The latest Reuters business news! LONDON (Reuters) – BP is freezing base pay across the group this year, the latest in a series of steps by oil majors to cut costs in response to sinking oil prices. 8 more words

William Lindsey

IBM dismisses Forbes report of massive layoffs

The latest Reuters business news! SEATTLE (Reuters) – An IBM spokesman dismissed a Forbes magazine report claiming the technology giant was preparing to cut about 26 percent of its workforce. 8 more words

William Lindsey

Soros eyes investing in auto dealer groups - report

The latest Reuters business news! DETROIT (Reuters) – Billionaire financier George Soros wants to invest in or buy a large automotive dealership group, potentially following in the footsteps of Warren Buffett, Automotive News reported. 7 more words

William Lindsey

Mattel removes CEO, warns on holiday sales

The latest Reuters business news! (Reuters) – Mattel Inc , the maker of Barbie dolls and Fisher-Price preschool toys, removed chairman and chief executive Bryan Stockton and warned sales fell 6 percent in the holiday quarter. 7 more words

William Lindsey

U.S. Treasury's Lew affirms strong dollar policy

The latest Reuters business news! BRUSSELS (Reuters) – U.S. Treasury Secretary Jack Lew said a strong dollar was good for America and that its strength reflected the health of the U.S. 9 more words

William Lindsey

Obama announces $4 billion in India investment and lending deals

The latest Reuters business news! NEW DELHI (Reuters) – U.S. President Barack Obama on Monday announced $4 billion in government-backed investments and lending to India, as he sought to scale up a trade relationship he said was “defined by so much untapped potential”. 7 more words

William Lindsey

India's Modi promises U.S. business chiefs stable tax regime

The latest Reuters business news! NEW DELHI (Reuters) – Prime Minister Narendra Modi promised a stable and predictable tax regime in India during a meeting with Indian and U.S. 12 more words

William Lindsey