Spain: Bankia announces strategic plan for mid-June

One of the largest banks in Spain said Saturday his plans a ransom of $ 24,000 million to the Government upon request.

The President of the institution, Jose Ignacio Goirigolzarri, said that he expected that the strategic plan of the entity present in June.

The press conference was convened with the financial markets closed on Saturday in an effort to reassure investors worried on the exposure of the Bank to reduce loans in connection with the Spanish properties.

The State has invested more than $5 billion in Bankya, institution, which controls 90%.

The price of Bankya was suspended Friday in the Madrid stock exchange request for help.

The rescue of the Bank, which was nationalised in some two weeks, would be the largest of its kind in the history of Spain.

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HP announces end of 2014 27,000 layoffs

After the President of HP measures are necessary to improve the health of the company.

The largest in the world, Hewlett-Packard, computer maker announced that up to the year 2014, 27,000 employees was the 8% of its workforce. The computer group would save $3.5 billion so far.

The President of Hewlett-Packard, Meg Whitman, said that savings will help the company to adapt to technological change by the growing demand for Internet access via mobile phone.

Correspondents explain the popularity of so-called smartphones and computers tablets to prevent sale of HP in the area of personal computers.

The company announced that a profit of 3,061 billion during the first half of fiscal year 37.6% had less every year.

HP has 349.600 employees in 170 countries of the world.

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