Deutsche Bank plans to keep DaimlerChrysler

Article Abstract:

Deutsche Bank denies any plan to sell its stake in DaimlerChrysler as a way to raise funds to pay for Bankers Trust Corp's acquisition. The German bank is considering various possible alternatives to finance the acquisition. Among possible methods are debt offering, capital raising through the bank or a third company's shares and using its cash funds.

Motor vehicles and car bodies, Asset sales & divestitures, Strategy & planning, Acquisitions & mergers, Germany, Automobiles, Automobile Manufacturing, Planning, Mergers, acquisitions and divestments, DCX, Deutsche Bank AG, Daimler AG, Bankers Trust Corp., BT

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J.P. Morgan's new cut is 4.5% of staff; 740 people will go by end of the year

Article Abstract:

J.P. Morgan & Co. announced 740 layoffs or job eliminations will take place by the end of 1998. A bank spokesman also said the bank is doing selective job cuts and selective hiring. The cuts could save the bank about $500 million. Current employee count is 16,500. Third quarter losses prompted the move.

United States, Labor force information, Human resource management, Abstract, J.P. Morgan and Company Inc., JPM

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