Posts Tagged ‘ Reuters ’

UPDATE 2-BP cuts dividend and capex to pay for oil spill

June 16, 2010
By Pay Cuts

LONDON, June 16 (Reuters) - Oil giant BP said it would not pay three quarters of dividends, significantly reduce its investment program and sell $10 billion of assets to fund a planned $20 billion fund to pay for its Gulf of Mexico oil

View the full article
Read more »

Tags: , , , , , , , , , , , , ,
Posted in Pay Cuts News Feed | No Comments »

‘Doc fix’ stumbles in Senate – DOTmed.com (press release)

June 16, 2010
By Pay Cuts
‘Doc fix’ stumbles in Senate – DOTmed.com (press release)


WKRG-TV

<img alt="" height="1" width="1" />'Doc fix' stumbles in Senate
DOTmed.com (press release)
Democrats are expected to introduce a slimmed down version of the bill, HR 4213, delaying the Medicare pay cuts for seven months, instead of...
Read more »

Tags: , , , , , , , , , , , , , , , , ,
Posted in Pay Cuts News Feed | No Comments »

Doctors’ Medicare pay cut delayed – USA Today

June 14, 2010
By Pay Cuts
Doctors’ Medicare pay cut delayed – USA Today


Reuters

<img alt="" height="1" width="1" />Doctors' Medicare pay cut delayed
USA Today
The Obama administration has delayed a deep pay cut for doctors treating Medicare patients. The 21% cut was scheduled to take effect tomorrow. ...
Read more »

Tags: , , , , , , , , , , , , , , , , , , ,
Posted in Pay Cuts News Feed | No Comments »

Greece says market speculation could derail austerity

June 14, 2010
By Pay Cuts

GENEVA (Reuters) - Financial market speculators could derail the economic gains made from tough budget cuts and other austerity measures hurting workers most, Greece's labour minister said on Monday. Andreas Loverdos, in a speech to the International

View the full article
Read more »

Tags: , , , , , , , ,
Posted in Pay Cuts News Feed | No Comments »

British defence min paves way for spending cuts

June 14, 2010
By Pay Cuts

Source: Reuters * Defence min warns of big long-term defence budget cuts * Urges patience, Britain to hold nerve in Afghanistan war By Mohammed Abbas LONDON, June 14 (Reuters) - Britain's new defence

View the full article
Read more »

Tags: , , , , , , , ,
Posted in Pay Cuts News Feed | No Comments »

This Week, Screws Tighten on BP to Pay Damages – The AtlanticWire (blog)

June 13, 2010
By Pay Cuts
This Week, Screws Tighten on BP to Pay Damages – The AtlanticWire (blog)


CBC.ca

<img alt="" height="1" width="1" />This Week, Screws Tighten on BP to Pay Damages
The AtlanticWire (blog)
The mammoth company, for its part, seems ready to cut dividends to appease some public anger, and is sending executives...
Read more »

Tags: , , , , , , , , , , , , , , , , , , ,
Posted in Pay Cuts News Feed | No Comments »

ANALYSIS-Donor cuts add pressure to World Bank aid drive

June 13, 2010
By Pay Cuts

Source: Reuters * Budget cuts put pressure on World Bank fund-raising drive * China, other new donors may need to step up donations * Last push to meet U.N. development goals By Lesley Wroughton

View the full article
Read more »

Tags: , , , , , , , , , ,
Posted in Pay Cuts News Feed | No Comments »

Saturday Word: Obama and Cameron – New York Times (blog)

June 12, 2010
By Pay Cuts
Saturday Word: Obama and Cameron – New York Times (blog)


The Hindu

<img alt="" height="1" width="1" />Saturday Word: Obama and Cameron
New York Times (blog)
Weekly Address: President Obama called on Congress Saturday to avert the annual planned 21 percent pay cut for doctors who see Medicare...
Read more »

Tags: , , , , , , , , , , , , , , , , , , ,
Posted in Pay Cuts News Feed | No Comments »

Irish pay deal set to pass, lessens chance of strikes

June 11, 2010
By Pay Cuts

Reuters DUBLIN - Members of Ireland's largest two public sector trade unions have backed a government pay offer, helping the chances of pushing through ?3 billion of savings in the 2011 budget and limiting the chance of strikes. Ireland has carried out

View the full article
Read more »

Tags: , , , , , , ,
Posted in Pay Cuts News Feed | No Comments »

BRIEF-RESEARCH ALERT-Morgan Stanley cuts Derwent London, Great Portland to equal-weight

June 9, 2010
By Pay Cuts

June 9 (Reuters) - * Morgan Stanley cuts PLC to equal-weight from overweight * Morgan Stanley raises British Land Co Plc price target to 500P from 480P; rating overweight * Morgan Stanley raises London&Stamford Property Ltd price target

View the full article
Read more »

Tags: , , , , , , , , , , ,
Posted in Pay Cuts News Feed | No Comments »

Spanish unions claim 75 percent turnout in one-day strike (Reuters)

June 8, 2010
By Pay Cuts

government forced through a plan to shave 15 billion euros off the budget with public sector savings including wage cuts. But unions hope the action will also help gauge support for a possible general strike on labor reform. Economists consider reform of

View the full article
Read more »

Tags: , , , , , , , , ,
Posted in Pay Cuts News Feed | No Comments »

Spain unions see 75 percent public sector strike take-up (Reuters)

June 8, 2010
By Pay Cuts

after the government forced through a plan to shave 15-billion-euros off the budget with public sector savings including wage cuts, but unions hope the action will also help gauge support for a wider strike on labor reform. The two largest Spanish unions

View the full article
Read more »

Tags: , , , , , , , ,
Posted in Pay Cuts News Feed | No Comments »

UK coalition to spell out spending review plans – Reuters

June 8, 2010
By Pay Cuts

out how it will conduct this year's spending review as it prepares the public sector for big cuts in funding to help tame a record budget deficit. Conservative finance minister George Osborne and his Liberal Democrat deputy Danny Alexander will announce

View the full article
Read more »

Tags: , , , , , , , , ,
Posted in Pay Cuts News Feed | No Comments »

BRIEF-RESEARCH ALERT-Deutsche Bank cuts targets on Goldman, 13 others

June 7, 2010
By Pay Cuts

June 7 (Reuters) - Brokers, asset managers, & exchanges: DEUTSCHE BANK CUTS GOLDMAN SACHS GROUP PRICE TARGET TO $205 FROM $220 DEUTSCHE BANK CUTS MORGAN STANLEY PRICE TARGET TO $36 FROM $38 DEUTSCHE BANK CUTS ARTIO GLOBAL INVESTORS PRICE TARGET TO $22

View the full article
Read more »

Tags: , , , , , , , , ,
Posted in Pay Cuts News Feed | No Comments »

Germany plans $97.6 billion in budget cuts

June 7, 2010
By Pay Cuts

than earlier indications had suggested, said Thorsten Polleit, economist at Barclays Capital in Frankfurt. News reports had indicated cuts would total around ?51 billion. Reuters Angela Merkel, the chancellor of Germany. The plan, which must be

View the full article
Read more »

Tags: , , , , , , , ,
Posted in Pay Cuts News Feed | No Comments »

Spain strike to vent frustration, but test is job reform (Reuters)

June 7, 2010
By Pay Cuts

through a plan to shave 15 billion euros (12.35 billion pounds) off the budget with public sector cuts, is a shot across the government's bows before unions receive its draft of much-awaited labour reform Wednesday. Public sector workers face average

View the full article
Read more »

Tags: , , , , , , , , , ,
Posted in Pay Cuts News Feed | No Comments »

PREVIEW-Spain strike to vent frustration, but test is job reform

June 7, 2010
By Pay Cuts

Source: Reuters * Over 2.3 million workers affected by pay cuts * Public workers' strike may hit schools, hospitals * Labour reform to be unveiled on Wednesday By Jonathan Gleave MADRID, June 7 (Reuters

View the full article
Read more »

Tags: , , , , , , ,
Posted in Pay Cuts News Feed | No Comments »

Spain strike to vent frustration, but test is job reform

June 7, 2010
By Pay Cuts

* Over 2.3 million workers affected by pay cuts * Public workers' strike may hit schools, hospitals * Labour reform to be unveiled on Wednesday MADRID, June 7 (Reuters) - Spain's public sector strike against a government

View the full article
Read more »

Tags: , , , , , , , ,
Posted in Pay Cuts News Feed | No Comments »

PREVIEW-Romania faces general strike against austerity

June 4, 2010
By Pay Cuts

Source: Reuters * Parliament to debate wage, pension cuts next week * Unions plan one-day general strike *Investors shun debt, fear govt may fail to cut costs * Cost cuts needed to secure IMF-led financial aid

View the full article
Read more »

Tags: , , , , , , , , , ,
Posted in Pay Cuts News Feed | No Comments »

BRIEF-Moody’s cuts EBS Building Society’s subordinated debt and tier 1 securities

June 3, 2010
By Pay Cuts

June 3 (Reuters) - EBS Building Society: * Moody's cuts EBS Building Society's subordinated debt and tier 1 securities COPYRIGHT Copyright Thomson Reuters

View the full article
Read more »

Tags: , , , , , ,
Posted in Pay Cuts News Feed | No Comments »

German solar cuts hit parliamentary hurdle-sources

June 3, 2010
By Pay Cuts

BERLIN, June 3 (Reuters) - Germany's Bundesrat upper house of parliament is unlikely to pass cuts to solar incentives this week so a parliamentary mediation committee would be needed to resolve the matter, government sources told Reuters on Thursday. If

View the full article
Read more »

Tags: , , , , , , , , , ,
Posted in Pay Cuts News Feed | No Comments »

BRIEF-Citigroup cuts 500 to 600 CitiFinancial jobs

June 1, 2010
By Pay Cuts

June 1 (Reuters) - Citigroup Inc: * Cuts 500 to 600 jobs in citifinancial reorganization - spokeswoman * Citi to close 330 citifinancial branches, stop originating loans at 182 branches in reorganization

View the full article
Read more »

Tags: , , , , , , , ,
Posted in Pay Cuts News Feed | No Comments »

Novo Nordisk rejects Greek price cut, sees spread – Reuters

May 31, 2010
By Pay Cuts

snubs Greece price cut * Refuses to sell modern insulins at 25 percent cut price * CEO sees cuts spreading to other markets * LEO Pharma says will withdraw some products * Novo shares down 0.3 percent (Adds details, background) COPENHAGEN, May 31

View the full article
Read more »

Tags: , , , , , , , ,
Posted in Pay Cuts News Feed | No Comments »

BRIEF-RESEARCH ALERT-Bernstein cuts State Street to market perform

May 28, 2010
By Pay Cuts

May 28 (Reuters) - * Bernstein cuts to market perform from outperform * Bernstein cuts BNY Mellon price target to $30 from $33; rating market perform * Bernstein cuts Northern Trust Corp price target to $58 from

View the full article
Read more »

Tags: , , , ,
Posted in Pay Cuts News Feed | No Comments »

BRIEF-RESEARCH ALERT-Credit Suisse cuts price target on Adecco, 5 others

May 28, 2010
By Pay Cuts

May 28 (Reuters) - * Credit Suisse cuts Adecco SA price target to SFR 70 from SFR 75 * Credit Suisse cuts Robert Walters PLC price target to 265P from 320P * Credit Suisse cuts SThree Plc price

View the full article
Read more »

Tags: , , , , , , ,
Posted in Pay Cuts News Feed | No Comments »

BRIEF-RESEARCH ALERT-Morgan Stanley cuts price target on Evraz, 4 others

May 27, 2010
By Pay Cuts

May 27 (Reuters) - MORGAN STANLEY CUTS EVRAZ GROUP SA PRICE TARGET TO $36 FROM $52; rating overweight MORGAN STANLEY CUTS MECHEL PRICE TARGET TO $26.50 FROM $38; RATING overweight MORGAN STANLEY CUTS NOVOLIPETSK STEEL PRICE

View the full article
Read more »

Tags: , , , ,
Posted in Pay Cuts News Feed | No Comments »

UPDATE 1-Romanian unions plan one-day general strike in June

May 26, 2010
By Pay Cuts

BUCHAREST, May 26 (Reuters) - Romanian trade unions plan a one-day general strike next month when parliament debates wage and pension cuts as agreed under a 20 billion euro ($25 billion) IMF-led aid deal, a union leader said on Wednesday. Unions hope a

View the full article
Read more »

Tags: , , , , , , ,
Posted in Pay Cuts News Feed | No Comments »

Spanish legislators agree to 10 pct pay cut – Interactive Investor

May 25, 2010
By Pay Cuts


<img alt="" height="1" width="1" />Spanish legislators agree to 10 pct pay cut
Interactive Investor
MADRID, May 25 (Reuters) - Spanish legislators will take a 10 percent pay cut as the country faces austerity measures designed to convince markets the ...
Spanish...
Read more »

Tags: , , , , , , , , , , , , ,
Posted in Pay Cuts News Feed | No Comments »

The contagion of austerity – BBC News (blog)

May 25, 2010
By Pay Cuts
The contagion of austerity – BBC News (blog)


BBC News (blog)

<img alt="" height="1" width="1" />The contagion of austerity
BBC News (blog)
Public sector wages there are to be cut by 7%. Ministers are taking a 15% pay cut. Pensions will be frozen, with cost...
Read more »

Tags: , , , , , , , , , , , , , , , , , , ,
Posted in Pay Cuts News Feed | No Comments »

Romania prepares for mass protest against cuts

May 19, 2010
By Pay Cuts

* Unions say up to 60,000 could rally in Bucharest * Pay cuts crucial for IMF deal and budget deficit financing * Demonstration is key test for government reform drive BUCHAREST, May 19 (Reuters) - Romanian authorities closed off parts of central

View the full article
Read more »

Tags: , , , , , , , , , , , ,
Posted in Pay Cuts News Feed | No Comments »

ANALYSIS – Slim chance of euro zone rebalancing in Germany

May 18, 2010
By Pay Cuts

BERLIN/FRANKFURT (Reuters) - With tax cuts now off the table and state spending set for a rollback, don't count on Germany redressing its part of euro zone imbalances anytime soon. For now, Berlin has little

View the full article
Read more »

Tags: , , , , , , ,
Posted in Pay Cuts News Feed | No Comments »

Greece receives EU funds but faces huge task ahead (Reuters)

May 18, 2010
By Pay Cuts

beginning of the month to lend Greece 110 billion euros ($137 billion) over three years to help it pay billions in expiring debt after being shut out of financial markets by the high cost of borrowing. With 5.5 billion euros already delivered by the IMF,

View the full article
Read more »

Tags: , , , , , , ,
Posted in Pay Cuts News Feed | No Comments »