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[ad_1] Law firms are placing secretaries and support staff on furlough but cutting or freezing lawyers’ pay instead of accepting state support as the coronavirus pandemic threatens earnings.A number of UK and European firms including Pinsent Masons, Dentons and Gateley have used government job retention...

[ad_1] WASHINGTON—The Federal Reserve slashed its benchmark interest rate to near zero Sunday and said it would buy $700 billion in Treasury and mortgage-backed securities in an urgent response to the new coronavirus pandemic. The Fed’s rate-setting committee, which delivered...

[ad_1] Two years ago, US president Donald Trump signed into law a sweeping tax cut that logistics giant FedEx’s CFO once dubbed “a mighty fine Christmas gift.”Backers of the Tax Cuts and Jobs Act (TCJA) said it would boost the economy by encouraging American companies...

[ad_1] A combined $2.27 billion profit hit has finally given investors a firm idea of the cost to the big four banks of their past misdeeds and the broader shift to a low-interest rate environment.Thursday's news of a 10.6 per cent drop in full-year profit...

[ad_1] FILE PHOTO: A piece of equipment stands in the ProPetro yard before being sent to a fracking site where it will be used to coax oil from underground, in Midland, Texas, U.S., on April 12, 2018. REUTERS/Ann Saphir(Reuters) - ProPetro Holding Corp (PUMP.N) this...

[ad_1] Let’s face it, 2019 hasn’t been the best year for the Queen’s Grant Thornton, and neither was 2018. Let’s recap:2018Sacha Romanovitch2019David DunckleyNow we have another bullet point to add under 2019:Laid off a dozen partners in October.The Financial Times had the scoop:The accounting firm...

[ad_1] Grant Thornton has parted ways with a dozen UK partners in a restructuring designed to reverse a five-year financial decline.The accounting firm informed its top echelon that about 12 partners — 6 per cent of the total — were leaving as it attempts to...