(Reuters) - Facebook is set to file a motion to consolidate all the shareholder lawsuits against the social network site, and is expected to place some blame on the Nasdaq for its botched IPO when it files the motion, the New York Times reported Thursday.
PARIS (Reuters) - Nokia plans to cut 10,000 more jobs, bringing the total to one in three staff, as it loses market share to cellphone rivals Apple and Samsung and burns through cash, raising new fears over its future.
WASHINGTON/BRUSSELS (Reuters) - Central banks from major economies stand ready to take steps, including coordinated action, to stabilize markets as world economies prepare for a possible financial storm or public panic after cliffhanger elections in Greece this weekend.
MILAN (Reuters) - The ties between national governments and their banks should be broken with a banking union, European Central Bank policymaker Jens Weidmann said in an interview in Italian newspaper Corriere della Sera on Friday.
SINGAPORE (Reuters) - Asian shares rose on Friday and the euro edged higher as traders placed modest bets that central banks will unleash further monetary stimulus measures, but volumes were razor-thin amid fears that Sunday's Greek election could trigger market turmoil.
NEW YORK (Reuters) - Through phone logs, trading records and a parade of witnesses, U.S. prosecutors repeatedly worked to connect the dots between Rajat Gupta, the former head of top consulting firm McKinsey & Co, and his hedge fund manager friend Raj Rajaratnam.
BEIJING (Reuters) - The Chinese government is more likely to implement further reforms or cuts in interest rates and reserve ratios, rather than launching an expensive new stimulus plan, current and former officials told a conference on Thursday.
NEW YORK (Reuters) - Credit ratings agency Moody's Investors Service cut its rating on Spanish government debt on Wednesday by three notches to Baa3 from A3, saying the newly approved euro zone plan to help Spain's banks will increase the country's debt burden.
NEW YORK (Reuters) - Foreclosure starts rose year-over-year in May for the first time in more than two years - though they fell on a month-to-month basis - as banks resumed dealing with distressed properties after a mortgage abuse settlement earlier this year, data firm RealtyTrac said on Thursday.
NEW DELHI (Reuters) - India's benchmark inflation rose in May to 7.55 percent, keeping price pressures elevated and making it harder for the central bank to revive economic growth with a widely expected interest rate cut next week.
PARIS (Reuters) - Loss-making Finnish cellphone maker Nokia plans to cut another 10,000 jobs globally in its biggest revamp in recent history, while it warned the second-quarter loss from its cellphone business would be larger than expected.
FRANKFURT (Reuters) - Deutsche Bank's finance chief said there were no plans for more cost-cutting measures at the investment banking business of Germany's biggest lender in Asia.