(Reuters) – JPMorgan Chase & Co (JPM.N) said it would cut more than 3,000 jobs than previously expected in its retailbanking unit. The bank expects its 2016 retail banking expense base to be $2 billion lower than in 2014, JPMorgan’s retail bank head Gordon Smith said in an investor conference on Friday.
Other News
Farmers struggle to find alternative livelihood, a year after Haiyan devastation
(Reuters) — A year after Typhoon Haiyan tore through central Philippines, coconut farmers whose livelihoods were destroyed in the disaster have turned to alternative sources of work. Typhoon Haiyan wiped out or damaged practically everything in its path as it swept ashore on Nov. 8, 2013, with seven-metre storm surges destroying around 90 percent of the city of Tacloban in Leyte province. Haiyan killed or left missing close to 8,000 people and displaced as many […]
Aquino says Phl ready for Ebola; quarantine set for returning soldiers from Liberia
(Reuters) Philippine President Benigno Aquino on Friday (November 7) assured the public that the Philippines is prepared in the event of a case of Ebola. “Now based on latest studies, we have patterned our systems to adopt all of them, to train our people to carry them out, to ensure that this disease does not, is not allowed into our country, to the furthest extent possible,” he said. The Philippines has imposed a 21 day […]
Cambodian PM Hun Sen meets Chinese President Jinping on APEC sidelines
(Reuters) Cambodian Prime Minister Hun Sen met with Chinese President Xi Jinping in Beijing on Friday (November 7) on the sidelines of a regional summit. The two leaders shook hands before sitting down for talks at the Great Hall of the People. Hun Sen is in Beijing to attend the 21-member Asia-Pacific Economic Cooperation (APEC) leaders summit which begins on Monday (November 10). APEC, which includes the United States, Japan, South Korea, Indonesia and Canada, […]
Foreign Affairs, Trade Secretaries attend opening of APEC Ministerial Meeting
Foreign Affairs Secretary Albert del Rosario and Trade Secretary Gregory Domingo on Friday attended the opening of the 26th Asia-Pacific Economic Cooperation (APEC) Ministerial Meeting at the China National Convention Center in Beijing, China.Prior to the two-day ministerial meeting, about 300 Senior Officials and delegates from 21 APEC member economies, APEC Secretariat, APEC Business Advisory Council, and observers attended the Senior Officials meeting on November 5 and 6.Participants of the meeting, which carried the theme […]
Texas nurse, now free of Ebola, defends her work and travels
BY SUSAN HEAVEY (Reuters) – One of the Texas nurses who helped treat a Liberian man with Ebola last month defended her decision to fly after that, saying she had not been barred from traveling and felt normal during her trip. In televised interviews on Thursday, Amber Vinson, 29, also said she had received little training in handling patients with the virus that has ravaged West Africa, and had no experience with the protective gear needed […]
Facing U.S. safety probe, Honda expands air bag recall
BY PAUL LIENERT (Reuters) – Honda Motor Co, facing a U.S. safety probe, strengthened its recall of U.S. cars to replace potentially defective Takata Corp air bags linked to several deaths. Japan’s third-biggest carmaker said late on Thursday it was adding to its recall an undisclosed number of cars from model years 2001-2006 that were sold or registered in humid areas where the air bag inflators are thought to be most vulnerable to rupture. Honda […]
Aquino inspects rehabilitation sites in Guiuan, Eastern Samar
President Aquino on Friday inspected various rehabilitation sites in Guiuan, Eastern a year after “Typhoon Yolanda” struck and devastated Eastern Visayas, The President arrived at 10:25 a.m. at the Guiuan Airport, where he was received by Armed Forces Central Command chief Major General Nicanor Vivar, Police Regional Office 8 Regional Director Chief Superintendent Henry Losañes, and Guiuan Mayor Christopher Gonzales.President Aquino immediately proceeded to the town’s public market, where he was met by Guiuan Vice Mayor […]
Student on the News – Metro Manila College Part 2
Let’s join Mhica Menorias and Kate Coleen Fabellar as they share with us a report about the Metro Manila College’s celebration of United Nations’ Day. Follow @EagleNewsPH Catch Students on the News in Mata ng Agila, weeknights at 6pm and Eagle News International Edition, weeknights at 9pm!
Binay says snub of senate hearing meant to avoid setting bad precedent
MANILA, Philippines (Eagle News Service) — Vice-President Jejomar Binay snubbed anew the Senate Blue Ribbon Committee’s probe on the allegedly overpriced Makati parking building II, saying he wanted to avoid setting a bad precedent. Binay, instead sent two representatives – his lawyer, Atty. JV Bautista, and Navotas Rep. Toby Tiangco – to the senate hearing Thursday, Nov. 6, to the dismay of the senators in the committee. The Vice-President decided to fly to Cebu instead […]
President Aquino says Mindanao to have energy surplus by 2015
DAVAO CITY, Nov 7 — President Benigno S. Aquino III on Thursday said Mindanao is looking at full recovery in terms of power, with the region set to have an “energy surplus” by 2015. “In fact, the region might even have power security ahead of Luzon,” the Chief Executive said during his speech at the Philippines Development Forum on Bangsamoro held here. He noted that by next year, several major power plants will finally come […]
PNoy: Mindanao, on the cusp of profound transformation
DAVAO CITY, Nov 7 — President Benigno S. Aquino III on Thursday said that Mindanao is “on the cusp of a profound transformation,” as he cited the major developments in the region. In his speech during the 2014 Philippines Development Forum on Bangsamoro here, President Aquino said the people of Mindanao had been deprived of opportunities and had suffered injustice for many years. “Now, however, as Mindanao is becoming an increasingly stable environment, we can […]