RBS CEO: 'No big' job cuts
Ross McEwan, Royal Bank of Scotland Group Plc CEO, moved to reassure employees that there will be "no big announcement" on job cuts when the lender publishes the results of its strategic review next week. RBS will shrink by 30,000 as businesses including its U.S. bank and some British branches are spun off and jobs are cut, the Financial Times reported, citing people it didn't identify. The jobs cited by the Times included 18,500 at RBS Citizens Financial Group Inc., its U.S. banking unit, which RBS plans to sell in an initial public offering this year.
Mylan recalls thyroid tablets
Mylan is recalling 138,970, 100-count bottles of levothyroxine sodium tablets because of problems with potency, according to the latest enforcement report from the U.S. Food and Drug Administration. The medication is used to treat low thyroid levels. Mylan initiated the nationwide recall Jan. 14.
Existing homes sales plummet
Sales of existing homes plummeted in January to the worst pace in 18 months. The National Association of Realtors said Friday that sales fell to a seasonally adjusted annual rate of 4.62 million units last month. That was down 5.1 percent from December. The sales rate declined 5.1 percent over the previous 12 months. Higher mortgage rates, higher prices and a harsh winter have contributed to the slowdown in home buying.