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Citi To Cut Around 3,500 Tech Jobs In China Under Global Restructuring

India, June 5 -- Banking major Citigroup Inc. announced plans to reduce around 3,500 technology in China as part of its ongoing broader initiative to streamline global tech operations, reports said. W... Read More


CAC 40 Up 0.5% Ahead Of ECB Rate Decision

India, June 5 -- French stocks are gaining some ground in positive territory on Thursday as investors expect a 25-basis point interest rate cut from the European Central Bank later in the day. Worries... Read More


Sensex Rises Over 400 Points; Nifty At 24,750

India, June 5 -- Indian shares ended Thursday's session modestly higher as weak private payrolls and services data raised concerns about the U.S. economic outlook but reinforced speculation that the F... Read More


Australia Building Approval Data Due On Friday

India, June 5 -- Australia will on Friday release April figures for building approvals, highlighting a modest day for Asia-Pacific economic activity. Approvals are expected to fall 5.7 percent on mont... Read More


German Construction Activity Contracts In May

India, June 5 -- Germany's construction sector contracted further in May on accelerated declines in housing and commercial activity segments, survey results from S&P Global showed Thursday. The HCOB ... Read More


Court Rejects Apple's Bid To Halt App Store Ruling, Jeopardizing Billions In Revenue

India, June 5 -- Apple faced a major legal blow after a federal appeals panel denied its emergency request to pause a court order that curbs its ability to collect fees on in-app purchases processed o... Read More


Hooters Closes Over 30 Restaurants Amid Bankruptcy Shift To Franchise Model

India, June 5 -- Hooters has abruptly closed more than 30 company-owned locations across the U.S., just months after filing for bankruptcy and reassuring customers it wasn't going anywhere. The closu... Read More


IDT Corp. Q3 Income Advances

India, June 5 -- IDT Corp. (IDT) announced a profit for its third quarter that increased from last year The company's earnings came in at $21.69 million, or $0.86 per share. This compares with $5.55 ... Read More


Oil-Dri Corp Of America Profit Climbs In Q3

India, June 5 -- Oil-Dri Corp Of America (ODC) revealed earnings for its third quarter that increased from last year The company's earnings totaled $11.64 million, or $0.80 per share. This compares w... Read More


UK Construction Sector Downturn Softens In May

India, June 5 -- The UK construction sector contracted at a slower pace in May as the fall in new orders hit the slowest in four months, survey data from S&P Global showed on Thursday. The constructi... Read More