business jargon

Man cave

State: ‘Man cave’ hid drug den Two state workers suspended after officials say they got high and napped at a secret lounge instead of working By ROBERT GAVIN, Staff writer First published in print: Saturday, July 18, 2009 ALBANY — The seat of state government once launched the political careers of Teddy Roosevelt, Franklin Delano […]

Decree

Citigroup, the ailing US financial giant, shocked the market yesterday by announcing that it would cut 52,000 jobs by the second half of next year. Vikram Pandit, the bank’s under-pressure chief executive, said yesterday that the total number of employees would shrink to about 300,000 by the end of June. Mr Pandit announced the cost-cutting […]