(Refiles to fix spelling in first bullet point, first paragraph). * Factory activity contracts for 9th month, but pace of fall eases.
Morgan Stanley MS 1.54 % plans to slash hundreds of jobs from its debt and currencies division, people familiar with the matter said, revealing that the Wall Street firm believes that a monthslong slump in trading revenue may persist.
Target's website crashed on Cyber Monday, one of the biggest shopping days of the year. The mega-retailer is offering 15% off every online order on Monday, along with 30% off select clothing, shoes and toys.
SEOUL Dec 1 South Korean tech giant Samsung Electronics Co Ltd has named Dongjin Koh as the president of its smartphone business, conglomerate Samsung Group said on Tuesday.
Bill Gates, the world's richest man, led a group of philanthropists in vowing to plow $2 billion into clean energy through personal investments and a new fund to be set up next year.