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Reliance Industries starts arbitration proceedings against govt

Insurance industry: Turbulent times for a sunrise sector
Low margins and cash crunch have resulted in job cuts and a decline in the insurance industry. A policy roadblock is making it worse. The timing could not have been worse. With the Parliamentary Standing committee rejecting the proposed amendments in the Insurance Bill, the insurance sector faces a very serious reality check regarding its future. Whether it concerns the new norms on unit-linked policies

McGraw-Hill to cut 550 jobs from education unit

Publishing company McGraw-Hill Cos., which owns the Standard & Poor's corporate credit rating firm, says it will cut 550 jobs at its education arm and freeze all employees' pensions next year

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Citigroup to cut 4,500 jobs, take $400M charge
Citigroup Inc. is eliminating 4,500 jobs in its latest effort to cut costs. The bank will take a $400 million charge in the fourth quarter as a result.

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UBS downsizing investment bank division
's staff as the overall bank tries to reduce risk.

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AMD to cut 1,400 workers, new CEO's first big move
Advanced Micro Devices Inc. is cutting some 1,400 workers as a weak computer market and manufacturing delays have hurt the world's second-biggest maker of microprocessors for PCs.

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AMD cutting 1,400 workers as PC industry stumbles
Advanced Micro Devices says it is cutting some 1,400 workers as a weak computer market and manufacturing delays have hurt the world's second-biggest maker of microprocessors for PCs.

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