Thomson Reuters Corp

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.

10 Brands Losing the Most Value

While some of the biggest brands have grown their values by more than 20% since last year's report by Interbrand, others have fallen precipitously. Here are the brands that lost the most value over the past year.

Clearance Sales Lured Shoppers to Boost Spending in July

Hot weather and clearance sales drew Americans into stores in July, giving retailers solid sales gains and helping offset worries about jobs and the economy. Three-quarters of retailers reporting results said they beat expectations.