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  • Jan 22- DreamWorks Animation SKG Inc will cut about 500 jobs, more than a fifth of its workforce, and produce one fewer movie a year as part of a major restructuring after a string of box-office misses. Most of this charge will be incurred in the quarter ended Dec. 31 and the remainder by 2016. DreamWorks, which had about 2,200 employees as of Dec. 31, 2013, expects to...

  • WASHINGTON— The number of Americans seeking unemployment benefits fell last week for the first time in a month, a sign that layoffs remain low and hiring is probably still healthy. The Labor Department says that weekly applications dropped 10,000 to a seasonally adjusted 307,000. The decline comes after applications spiked the previous week to a...

  • DreamWorks cutting jobs, movie plans Thursday, 22 Jan 2015 | 4:45 PM ET

    The company, known for animated movies such as "Shrek" and " Kung Fu Panda," said it is narrowing its focus to one original film and one sequel each year. DreamWorks Animation SKG Inc. will take a $290 million pre-tax charge in connection with the restructuring. DreamWorks also announced a number of management departures, including Vice Chairman Lewis Coleman, Chief...

  • "It is unclear at this point whether or not this move up in the trend reflects issues seasonally adjusting the data around the holidays or if it represents a more meaningful deterioration in the labor market," said Daniel Silver, an economist at JP Morgan in New York. State-level data for the week ending Jan. 10 showed an increase in claims in the oil-producing...

  • Jan 21- More than 4,000 employees of American Express Co will lose their jobs over the next year as part of a restructuring program at the credit card company, a spokeswoman said. This will occur over the course a year throughout the organization, " Marina Hoffmann Norville, a spokeswoman for American Express, said in an email. It said American Express would continue...

  • SAN FRANCISCO, Jan 21- EBay Inc plans to cut its workforce by 7 percent, or 2,400 jobs, in the current quarter and is exploring a sale or public offering of its enterprise unit as the e-commerce company prepares to split from its payments division, PayPal, this year. The jobs will be cut across the marketplace, payments and enterprise divisions, eBay said on Wednesday...

  • HOUSTON— Oil services company Baker Hughes Inc. will lay off about 7,000 workers as it prepares for a downturn in orders because of the plunge in crude prices, the company said Tuesday. The layoffs represent about an 11 percent cut to the 62,000- plus workers Baker Hughes says it employs worldwide. Oil services rival Halliburton had announced in November it...

  • *Halliburton says job cuts to be in line with primary competitors. Jan 20- Oilfield service providers Baker Hughes Inc and Halliburton Co plan to cut thousands of jobs as drilling activity slows further due to a steep fall in crude oil prices. Baker Hughes, which is being acquired by Halliburton in a near- $35 billion deal, said earlier in the day it would lay off 7,000...

  • Halliburton, Baker Hughes see a tough 2015 Tuesday, 20 Jan 2015 | 10:22 AM ET

    Baker Hughes and Halliburton posted better-than-expected profits, but warned that a drop in drilling due to weak oil prices would hurt results in 2015.

  • *Baker Hughes fourth-quarter adjusted profit $1.44 vs est $1.07. Jan 20- Oilfield services provider Baker Hughes Inc said it expects to lay off about 7,000 employees, days after industry leader Schlumberger Ltd said it would cut jobs as drilling activity slows due to a steep fall in oil prices. Halliburton, which is buying Baker Hughes in a near- $35 billion deal,...

  • Jan 20- Oilfield service providers Baker Hughes Inc and Halliburton Co posted better-than-expected quarterly profits on resilient demand, but warned that a fall in drilling activity due to weak oil prices would hurt results in 2015.. Halliburton, which is buying Baker Hughes in a $35 billion deal, said it took a $129 million restructuring charge in the fourth...

  • Apache Corp., Baker Hughes and Schlumberger have begun laying off employees in response to the oil price crash in the past six months, The Tulsa World reported Saturday. Apache's job cuts will likely impact several hundred employees of the Houston- based oil and gas producer, which is one of the nation's bigger independent firms. But she would not specify how many...

  • SAO PAULO— Workers at the Brazilian subsidiary of German automaker Volkswagen say they have ended the strike they started 10 days ago to protest the dismissal of 800 workers. The metalworkers union in the Sao Paulo suburb of Sao Bernardo Do Campo says on its website that the strike was called off after the company reversed the layoffs. The union says work will...

  • Wet Seal files for Chapter 11 bankruptcy Friday, 16 Jan 2015 | 10:36 AM ET
    Wet Seal clothing

    Wet Seal filed for bankruptcy protection late, a week after the struggling apparel retailer laid off 3,700 employees and closed 338 stores.

  • CRANBERRY, Pa.— A food cooperative that sells fundraising programs to schools is laying off 43 workers at it western Pennsylvania office. The Butler Eagle reports Market Day in Cranberry Township has filed notice with the state Department of Labor and Industry that it plans to lay off the workers about March 7. The Cranberry Township location is in Butler County,...

  • CLEARFIELD, Pa.— A central Pennsylvania hospital is cutting 30 jobs, not filling 11 others and reducing hours for 50 other workers. About 65 percent of the hospital's revenue comes from Medicare and Medicaid. The 96- bed hospital about 100 miles northeast of Pittsburgh opened in 1901, and is part of the Penn Highlands Healthcare network.

  • Jan 16- Wet Seal Inc filed for bankruptcy protection late on Thursday, a week after the struggling apparel retailer laid off 3,700 employees and closed 338 stores. Wet Seal, which reported slowing year-on-year sales growth for the past five quarters, warned last month that it may seek to restructure under provisions of the U.S. Wet Seal sells apparel and...

  • Jan 15- Schlumberger Ltd, the world's No.1 oilfield services provider, said it will cut 9,000 jobs, or about 7 percent of its workforce, as it focuses on controlling costs amid plummeting oil prices. Schlumberger had said last month that it would take a $1 billion charge related to jobs cuts and the writedown of some seismic vessels. Schlumberger's customers- oil...

  • Schlumberger to cut 9,000 jobs on oil-price plunge Thursday, 15 Jan 2015 | 5:39 PM ET

    Schlumberger Ltd, the world's No.1 oilfield services provider, said it will cut 9,000 jobs, or about 7 percent of its workforce.

  • LISBON, Jan 15- The future buyer or buyers of Portugal's flag carrier TAP will be barred from laying off workers en masse as long as the state remains a shareholder, the government said on Thursday. At a cabinet meeting on Thursday, the government approved a prospectus with conditions for TAP privatisation, which also include preserving TAP's status as the...