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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.

Current Sale to Al Jazeera May Earn Al Gore $100 Million

Al Gore already has won a Nobel Peace Prize, an Oscar and a presidential popular vote. Now, he's won the mergers-and-acquisitions lottery, too. When Al Jazeera cuts its check to buy failed progressive media outlet Current TV, Gore's 20 percent stake looks like it'll be worth $100 million.

Can Al Jazeera Capitalize on Its Newfound Popularity?

The Qatar-based network is getting international kudos for its coverage of the growing Middle East crisis. But acclaim and a growing audience don't yet equal profits and market share for Al Jazeera, which has almost certainly been losing money since its launch in 1996.

Qatar May Bid for Christie's Auction House

Qatar is interested in purchasing world-famous auction house Christie%u2019s. "We are building a museum and it [Christie%u2019s] has links with the stuff we are collecting for our museum," Emir Hamad bin Khalifa al-Thani told The Financial Times. "It depends on the opportunity - if we had a good opportunity we would not hesitate."