ArcelorMittal, the world's largest steelmaker, plans to cut 20% of its office staff in a $1 billion cost-reduction plan, it said on Thursday after posting higher than expected fourth-quarter earnings and boosting returns to shareholders.
Rod Nickel
(Adds details of accidents, CEO comments on deaths, 2021 spending plans)
Feb 4 (Reuters) - Canada’s second-biggest oil company, Suncor Energy Inc, said on Thursday it had started a third-party safety review, after three contract workers died in two separate mining accidents.
Chief Executive Mark Little said the review would focus on mining operations, which are one of the ways the company extracts crude from Alberta’s oil sands. It is scheduled for completion this quarter.
“As devastating as this has been for all of us, I can’t even comprehend how difficult this is on the families,” Little said, before pausing the quarterly conference call to hold a moment of silence for the workers.
UBS reported its highest annual pre-tax profit of the post financial crisis era on Tuesday, as lending to the world's ultra-rich and bumper trading volumes during the global pandemic triggered a surge in revenue.
UBS reported its highest annual pre-tax profit of the post financial crisis era on Tuesday, as lending to the world's ultra-rich and bumper trading volumes during the global pandemic triggered a surge in revenue.