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Citigroup Inc plans to shed about 10 percent of its global workforce as the bank tries to return to profitability and faces mounting criticism of Chief Executive Vikram Pandit.

Citigroup Inc plans to shed about 10 percent of its global workforce, a person familiar with the matter said Friday, as the bank tries to return to profitability and faces mounting criticism of Chief Executive Vikram Pandit.

Google Searches for Ad Dollars in Social Networks

The U.S. Patent and Trademark Office recently published a series of intriguing patent applications from Google. They raise questions about the search giant’s significance for the profitability of social networks—and whether anyone has figured out how best to translate Web 2.0 hype into bankable income. Dozens of social-networking sites such as MySpace, Facebook, Bebo, and Friendster continue to flourish like Web start‑ups in the dot-com heyday—consuming engineering talent, computing resources, and thousands of lines of code along the way. But no one has yet found the golden keys to profitability. The three Google patents, which rely on language processing and other technology to search for patterns in data, could ratchet up social networks’ ad revenue by better targeting ads to individuals, experts say.

22/10/2008 - The profitability of the banks operating in Estonia continues to be good

In September, the corporate and household loan and leasing stock increased by 1.3 billion kroons, i.e., 0.5%. Approximately three-quarters of the increase in the loan stock derived from the growth in loans issued to households. In the latter, mortgage loans constituted a large share, as usual. Other household loans grew due to the seasonal factor of issuing study loans at the start of the new academic year. Compared to the earlier months of this year, corporate borrowing activity was rather contained in September, being confined to around 360 million kroon volume growth in the entire sector.

Oceanic Bank: Sustaining banking sector dominance with profitability

Avoid Mistakes & Losses!! Buy Catfish Manual Titled "The A-Z Of Catfish Farming With Low Start-up Funds"

Interest cutback viewed as neutral for bank profitability

China yesterday cut both one-year benchmark lending and deposit rates by 0.27 percentage point. The cut means the one-year deposit rate is now at 3.6 percent while the one-year lending rate falls to 6.66 percent. Except for the six-month lending rate which was cut by 0.09 percentage point to 6.03 percent, the central bank has marked down all the other rates for lending in different maturities by 0.27 percentage point.

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Top Speakers Highlight Upcoming Conference Focusing on Global e-Commerce Profitability

(Seattle, WA—October 28, 2008) The Merchant Risk Council (MRC) is pleased to announce the Keynote and Closing speakers for MRC’s 7th Annual e-Commerce Payments and Risk Conference at the Wynn Las Vegas Resort on March 10-12, 2009. Terry Jones, founder of Travelocity.com, has been chosen to deliver the opening keynote speech. Chris Hansen, Dateline NBC correspondent, will be delivering the conference’s closing speech.

Top Speakers Highlight Upcoming Conference Focusing on Global e-Commerce Profitability

Dateline NBC's Chris Hansen and Travelocity's Terry Jones Address Risks and Rewards of Internet Commerce

Interest rate cuts to squeeze bank margins

Profitability of Chinese banks are likely to come under pressure next year after the steep reduction in lending rates, according to bankers and economists.

Interest rate cuts to squeeze bank margins

Profitability of Chinese banks are likely to come under pressure next year after the steep reduction in lending rates, according to bankers and economists.

Interest rate cuts to squeeze bank margins

Profitability of Chinese banks are likely to come under pressure next year after the steep reduction in lending rates, according to bankers and economists.

Perhaps banks should not pass on rate cuts

Banks need to boost their profitability in order to generate additional capital to support higher lending. Yet a measure of the gap between their average lending and deposit rates is close to its lowest level for at least 10 years.

Financial Supply Chain, Payment Opportunities for Innovative Banks

Supply chain management has proven to boost business performance and profitability. By making operational adjustments a business can increase their earnings per share as much as 20%. Financial supply chain deals with the business' cash flow up and down the supply chain. Businesses are shifting their attention to inefficient payments processing and adopting new strategies to maximize working capital and speed up cash flow.

Turkey: Banks profits will be hurt by delays in receivables- C-Bank

Turkey's central bank said on Friday it expects the profitability of Turkish banks to be hurt by a delay in receivables for lenders amid the global financial crisis.

Use it, prove it, or lose it the law on trademarks

Many businesses rely on the branding of their products to increase profitability and secure a place in highly competitive markets.

MBT Blog-cerpt: R&D doesn't mean Restructure & Downsize in a down economy

Tech-Clarity President Jim Brown (interact with Jim daily via the PLM and Profitability blog found at mbtmag.com) asks and answers the question, “Could the economic downturn be good for innovation?� with input from BusinessWeek‘s Sami Mahroum, a research director with Britain's National Endowment for Science, Technology & the Arts.

Online retail to grow strong with Web 2.0, despite economic downturn

According to a Forrester Research / Shop.org report, entitled the “State of Retailing Online Profitability, Economy and Multichannel”, e-tailers are expecting an average annual growth rate of 25 per cent this year alone, and 35 per cent say they expect to outperform previous estimates through the first half of next year.

MELODIS Unveils Scalable, User-Friendly Voice Dialer for Apple iPhone

Ford (F) Submits Plan To Congress, Asks For $9B In Bridge Financing and Looks For Profitability In 2011

Social Engineering, Cybercrime Will Be Challenges in 2009, Predicts Identity Theft Assistance Center

Ford (F) Submits Plan To Congress, Asks For $9B In Bridge Financing and Looks For Profitability In 2011

Northern Light 'MI Metrics' Extends Market Research Portal Services with Customized, In-Depth Reports of IT Industry Analysts' Attitudes and Issues

Ford (F) Submits Plan To Congress, Asks For $9B In Bridge Financing and Looks For Profitability In 2011

Smartphone Vendor - Palm Cutting Jobs

Struggling smartphone manufacturer, Palm is to cut more jobs the company has confirmed. The company is seeking "profitability and long-term growth, resulting in company reductions in the U.S. and internationally,".

Calypso Wireless, Inc. Files Patent Infringement Suit Against T-Mobile USA, Inc.

m-Wise Increases Revenues by 41% for the Nine Months Ended September 30, 2008 and Moves to Profitability in Q3

Mobile Device Adoption in Field Service Up 20% in the Past 12 Months

New Research Report Reveals That Firms Adopting Mobile Solutions Experience an Average 12% Increase in Service-Related Profitability

Citigroup to slash 52,000 more jobs worldwide - press

Citigroup has revealed plans to cut 52,000 jobs by early next year in an effort to restore profitability and bolster a sagging share price. The move prompted falls on US and European stock markets.

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