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NEW YORK (AP) — Bank of America, the second-largest U.S. bank by assets, said Wednesday that its earnings slumped in the third quarter after it agreed to a settlement with the government over its sale of mortgage-backed securities. Read entire story.
Tuesday’s extremely weak German industrial production figures published for August have come an awkward time for the German government. An informal “employment conference” including some EU leaders has been called by Italian Prime Minister Renzi, and it is scheduled to take place, amid little advance publicity, in Milan …
The big news last week and early this week was the abrupt departure of legendary bond fund manager Bill Gross from PIMCO. (For those who don’t bother to learn the names of mutual fund managers: Bill Gross was one of founders of the company, and he ran the firm’…
Thursday is National Boss Day. And, unfortunately, there are lots of bad bosses out there. Some psychologists say that more than 60{04524d497bea0ade6defd1388b5c9b25998d95475e2938b4fa9d615e63ad1540} of managers are bad leaders. In an effort to understand why it’s so rare to have a great boss, we looked at the management and organizational psych literature. …