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Malaysia Airlines cuts 6,000 jobs

Axe In Wood

Malaysia Airlines is to slash its staff numbers by a third, cutting 6,000 jobs, after the airline suffered the two worst disasters in modern aviation only five months apart.

Hedge fund firm poaches another SocGen exec

Hedge Fund

Common Sense Investment Management has poached another Société Générale (Euronext Paris: GLE-FR) executive as it continues to rebuild after the arrest of its founder in a prostitution sting and the loss of most of its clients.

UK bonuses rise 5% to above £40bn

Pot Of Gold

Bonuses paid out across the economy rose nearly 5% from last year to more than £40bn, which means they now make up the biggest proportion of workers' pay packages since before the economic downturn.

BofA seeks 'Hustle' re-trial

Bank Of America Corner Signs

Bank of America on Thursday asked a federal judge to throw out a jury verdict finding it liable for fraud over defective mortgages sold by its Countrywide unit that resulted in a $1.27bn penalty.

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Bank Of America Corner Signs

BofA seeks 'Hustle' re-trial

Bank of America on Thursday asked a federal judge to throw out a jury verdict finding it liable for fraud over defective mortgages sold by its Countrywide unit that resulted in a $1.27bn penalty.

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Bank Of America Corner Signs

BofA seeks 'Hustle' re-trial

Bank of America on Thursday asked a federal judge to throw out a jury verdict finding it liable for fraud over defective mortgages sold by its Countrywide unit that resulted in a $1.27bn penalty.