HSBC Plans Significant Reshaping of Global Business With Major Job Cuts
LONDON The British bank HSBC said Tuesday that it would shed as many as 50,000 jobs and aim to cut costs by as much as $5 billion a year by 2017 as part of a significant reshaping of its business. The bank said it would reduce its headcount by

Why GE is selling its private equity business
NEW YORK General Electric will sell its private equity business in a deal valued at about $12 billion as it refocuses on its core businesses and exits a banking sector now under stricter oversight. The U.S. Sponsor Finance business, which includes

Business Highlights
BEIJING (AP) Li Haitao, a 24-year-old employee at a steel trading company, did no research last June before he joined a stampede of novice investors into China’s surging stock market. He paid for his risk-taking. Many new investors piling into China’s