Diebold Cuts Forecasts on Legal Costs
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Diebold Inc., a maker of automated teller machines, on Monday cut its third-quarter and yearly profit views, citing legal and other costs from the controversy over security and certification of its electronic voting machines in California.
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The mutual fund giant trims expense rates on some of its most popular funds.
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American Express Co. said Friday that it is eliminating about 2,000 jobs in a restructuring that will cost $100 million to $120 million in the fourth quarter before taxes, and is designed to save the financial
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Company also will slash value of its assets by $11.4 billion. Moves are prompted by plan to retreat from traditional consumer telephone business.
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Analysts say that Diebold may sell its election systems unit that has been widely criticized due to problems with its machines in recent elections.
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Deutsche Bank is streamlining the management of its investment banking arm, raising fears that jobs may be lost in the City. The German bank is reducing the number of executives running its investment banking
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NEW YORK -- Pfizer Inc. will probably slash staff and accelerate merger and licensing deals, as the pressure on it to improve its financial performance intensifies after the weekend's announcement that the company has ended development of a key drug.
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The Federal Election Commission eased some political fundraising rules Thursday in hopes of salvaging a tattered presidential financing system in the 2008 campaign.
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Company has revised its financial forecasts for the current quarter.
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DaimlerChrysler (DCXGn.DE) cut its  2006 operating profit forecast by around 1 billion euros ($1.27  billion) on Friday and predicted U.S. arm Chrysler could lose  1.2 billion euros in the third quarter, much worse than first  thought.
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Faced with continuing criticism that is increasingly tarnishing the 150-year old company's reputation, Diebold may be preparing to offload its electronic voting unit, say analysts quoted by the Associated Press.
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By MATT SLAGLE  DALLAS - Dell Inc. beat Wall Street predictions in its first-quarter earnings report but said it would eliminate 10 percent of its work force over the next year as part of a broad plan to trim costs and become more competitive with rivals.
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A judge has struck down more than a dozen of the government's current rules on political fund raising with just weeks before Election Day, concluding federal regulators improperly weakened the nation's campaign finance law.
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Litigation is draining the cash of this longtime Unux vendor.
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The number of companies applying to be wound up has fallen, but experts predict the figures to rise.
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In several battleground states across the country, a consulting firm funded by the Republican National Committee has been accused of deceiving would-be voters and destroying Democratic voter registration cards.
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AmerisourceBergen Corp.  on Wednesday lowered its fiscal-year earnings forecast because of lower-than-expected drug price increases, fewer product deals from drug companies and fewer alternative sources of supply in the December quarter.