The British bank HSBC (HSBC), in a major revamping of its global strategy, said on Tuesday that it would shed as many as 50,000 jobs as it sells several underperforming businesses, reduces the size of its global investment banking business and aims to cut billions of dollars in costs. The bank said it would eliminate 22,000 to 25,000 full-time jobs, or about 10 percent of its work force, through restructuring by the end of 2017. Amazon (AMZN) said Tuesday it is planning to open its fourth fulfillment center in Texas, creating more than 1,500 positions at a Dallas location. General Electric (GE) said on Tuesday that it had agreed to sell the bulk of a division that finances leveraged buyouts to the Canada Pension Plan Investment Board in a $12 billion deal.
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