Microsoft Corp (MSFT.O) said on Wednesday it cut about 3,000 jobs, effectively completing its plan to reduce its workforce by 18,000, or 14 percent of total staff, announced in July.
A group of funds that threw a monkey wrench in Bank of America Corp's (BAC.N) proposed $8.5 billion settlement with investors in mortgage-backed securities will object to JPMorgan Chase & Co's $4.5 billion offer to settle claims over similar investments, according to the lawyer that represents them.
U.S. law firm Gardy & Notis, a shareholder rights advocate, said on Wednesday it was investigating AbbVie (ABBV.N) and its officers over statements made in connection with the drugmaker's failed move to buy Dublin-based Shire (SHP.L).