UK's Barclays to move 1,000 jobs to India
London: Barlcays PLC, UK's third-largest bank, is all planning to transfer 1,000 information technology jobs to consultancy Accenture, ACN.
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Citigroup appoints Druskin CEO of investment bank
New York: Citigroup, the world's largest financial services company, on Tuesday named Wall Street veteran Robert Druskin to head its corporate and investment banking group, a key position earlier held by Charles Prince, the company's recently-appointed CEO.
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Intel to develop chip for digital TVs
San Jose: Intel Corp plans to develop a chip that could lead to slimmer and cheaper rear-projection TVs.
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Kraft breaks up joint leadership, Deromedi's CEO
Chicago: Kraft Foods, under pressure from Wall Street to turn around its North American food business, on Tuesday removed co-CEO Betsy Holden and put her counterpart Roger Deromedi in charge of the company.
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Lazard chief Wasserstein to buy New York for $55m
New York: Bruce Wasserstein, one of Wall Street's best-known merger advisers, said on Tuesday he signed a deal to buy New York magazine from Primedia for $55m, pulling off a surprise victory in the closely-watched auction of the 35-year-old weekly.
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Asian markets hit by SARS scare
Singapore: The resurgence of SARS in Southeast Asia seems to have hit the Asian markets.
Across the southeast Asian region, the stock market indices behaved quite nervously today.
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Putnam discharges nine more for improper trading
New York: Putnam Investments on Tuesday said it discharged another nine employees for improper trading, bringing to 15 the total number of staff let go of after the money manager became the focus of state and federal probes.
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