Reuters

Barclays to Cut 3,700 Jobs As Part of 'Project Transform'

Barclays new chief executive pledged a fresh course for the British lender on Tuesday, axing at least 3,700 jobs and pruning its investment bank as he seeks to rebuild its reputation and boost profitability after a series of scandals.

Initial Jobless Claims Inch Up in the New Year

The number of Americans filing new claims for unemployment benefits rose by 4,000 last week, but seasonal volatility makes it difficult to get a clear picture of the labor market's health. The prior week's figure was revised to show 5,000 fewer applications than previously reported.

Initial Jobless Claims Fall Again as Hurricane Sandy's Impact Fades

The number of Americans filing new claims for unemployment benefits dropped for a second straight week last week, unwinding some of the surge related to Hurricane Sandy, which has muddled the labor market picture. Initial claims dropped 23,000 to a seasonally adjusted 393,000.

Major Banks Cutting 160,000 Jobs Worldwide -- With More to Come

Major banks have announced some 160,000 job cuts worldwide since early last year, more layoffs are coming as the industry restructures. The numbers are much higher in Europe than in Asia or the United States -- and those loses will be a particularly heavy blow to Britain.

Weekly Jobless Claims Fell to 355,000

Initial claims for state unemployment benefits dropped 8,000 to a seasonally adjusted 355,000, the Labor Department said on Thursday. The report is a sign the labor market's slow recovery is gaining traction, although Hurricane Sandy's impact on the Northeast may have distorted the data.

Is the Electric Car Revolution Running Out of Juice?

Electric car sales are nowhere near what the auto industry -- or Washington -- hoped they'd be by now, though Tesla Motors' hot Model S sedan doing great, and the the Chevy Volt is finally getting some traction. But is the electric revolution stalled, or just accelerating too slowly?

For Top Bankers, the Era of Easy Job Hopping Is Ending

The banking world works in a lot of ways like a sports league. You can be a star, but that barely matters if your team is in last place. But if you're lucky enough to be a premiere bankers, you could always go elsewhere if your team's fortunes faded. That fluidity in finance world may, however, be fading.

Demand Media's Dumbest How-To Content

How much quality content can a penny buy? I trolled Demand Media's eHow.com to answer that question. Here's my collection of the dumbest articles published by the company, which recently filed for an IPO.

CNN Drops AP: Old Media Models Vs. New Journalism

CNN has cut ties with the Associated Press, whose wire service has been a backbone of American news media for over a century. The move says volumes about how the news industry and its traditional business models are changing in the ever-accelerating information age.

Kinsley Out as Editor of Atlantic's New Business Site

Michael Kinsley, the Slate founder and all-purpose genius, is stepping down as editor of the not-yet-launched business site of Atlantic Media, publisher of the Atlantic magazine. He had been in the position since October, and he confirms his departure in an exclusive to DailyFinance.

The Dirtiest Lunch Rooms in the Media Business

The American print-publishing industry isn't healthy -- and the food it's serving its workers may not be, either. A quick survey of cafeteria health inspection records shows some alarming results. Lunch anyone?

Twitter kills off Kanye West

Twitter, the much-hyped online social networking service, is now exploring the wonderful world of fake news. Following the "is it really newsworthy?"...