NEW: BofA to cut 2,500 jobs in Illinois (St. Clair County Journal)
Finance studies and addresses the ways in which individuals, businesses, and organizations raise, allocate, and use monetary resources over time, taking into account the risks entailed in their projects. The term "finance" may thus incorporate any of the following:
NEW: BofA to cut 2,500 jobs in Illinois (St. Clair County Journal)
The finance giant Bank of America, which operates branches in Edwardsville, Fairview Heights and O'Fallon, plans to fire 2,500 jobs in Illinois starting next year.
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Park East poised to start renewal (Milwaukee Journal Sentinel)
A few years from now, we might look back at 2007 as launch time for Milwaukee's Park East redevelopment area.
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BP to move downtown (Chicago Sun-Times)
BP America told its 3,300 Chicago area employees Thursday that it plans to move its supply and trading business in the U.S. to downtown Chicago from west suburban Warrenville and relocate other corporate staff to its Houston headquarters in a shakeup that also will involve an unspecified number of layoffs.
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Airbus Order From ILFC Falls Short of Boeing Contract (Update4) (Bloomberg.com)
Oct. 18 (Bloomberg) -- Airbus SAS, the world's biggest aircraft maker, got an order from International Lease Finance Corp. for 20 A350 widebody jets, fewer than analysts expected and smaller than the company's contract for Boeing Co.'s 787.
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Changes are coming, BP says (The Lisle Sun)
BP America told its 3,300 Chicago-area employees Thursday that it plans to move a large unit from the western suburbs to downtown and relocate other staff to its Houston headquarters in a shakeup that also will involve an unspecified number of layoffs.
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Roger Cohen: The 'American' rebooting France (International Herald Tribune)
France, long hung up in a left-bank bubble filled with quaint notions of reversing globalization, now wants 'to take advantage of a globalized world.' An interview with Finance Minister Christine Lagarde.
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BP plans layoffs and transfers at U.S. offices (Interactive Investor)
Business Finance and city news online from Interactive Investor (www.iii.co.uk). Plus financial and currency market news and information 24/7. Stock prices, share prices, currency markets news and business finance headlines. Also news from AFX and Reuters.
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Jobs slashed as Nomura takes its medicine in sub-prime crisis (The Australian)
NOMURA Securities has revealed a doubling of losses stemming from the US residential mortgage-backed securities market as it cut jobs at its US fixed income operations.
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Stroger's $888 million tax hikes (Chicago Tribune)
Cook County Board President Todd Stroger wants to triple the sales tax and double the gas and parking taxes to pay for 1,130 new county jobs and cover rising costs.
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Governor defends budget battling (Chicago Tribune)
Quinn urges ethics bill as Blagojevich holds fundraiser Gov. Rod Blagojevich held his first big political fundraiser in months Thursday night, hours after Lt. Gov. Pat Quinn urged the governor to end "pay-to-play" politics and pointed out that at least some attendees at the event likely were donating in hopes of winning state business.
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NEW: BofA to cut 2,500 jobs in Illinois (St. Clair County Journal)
Cash budget Working capital requirements of a business should be monitored at all times to ensure that there are sufficient funds available to meet short-term expenses.
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