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  • Students disrupt meeting of UMS trustees Monday, 17 Nov 2014 | 4:01 AM ET

    PORTLAND, Maine— University of Southern Maine students frustrated over budget cuts that eliminated programs and led to staff reductions disrupted University of Maine System trustees on Monday, marching into their meeting, chanting "stop the cuts!" Chairman Samuel Collins and USM President David Flanagan were shouted down before retreating to the sidelines...

  • Hocking College plans to lay off 36 workers Friday, 14 Nov 2014 | 3:02 AM ET

    Hocking College in Nelsonville has said that the job cuts announced Thursday include administrative, instructional, staff and support positions. "All efforts are being made to minimize the impact of our budget decline on our students, while protecting the areas critical to the mission of Hocking College," Young said. "The revised budget assures we can continue...

  • UPDATE 2-South Africa's AngloGold Ashanti to cut jobs Tuesday, 11 Nov 2014 | 6:30 AM ET

    JOHANNESBURG, Nov 11- South Africa's AngloGold Ashanti plans to cut staff through voluntary severance packages as the bullion producer feels the pinch of lower gold prices and rising costs, it said on Tuesday. A union source close to negotiations with the company said 1,200 positions were affected in South Africa, with AngloGold considering moving 300 staff...

  • Paul Glassman, San Bernardino's bankruptcy attorney, told the federal judge overseeing the city's bankruptcy that a rejection by voters on Tuesday of a pay-cutting ballot measure for police and firefighters was a "gamechanger" that had thrown the restructuring plan off track. Lawyers for San Bernardino's police and fire unions reacted with dismay and anger...

  • Planned layoffs surge 70 percent in October Thursday, 6 Nov 2014 | 7:30 AM ET

    The number of planned layoffs by U.S. employers surged nearly 70 percent in October, according to a report by Challenger, Gray & Christmas.

  • JOHANNESBURG, Nov 5- South African miner Harmony Gold reported a further quarterly loss on Wednesday and suggested it might have to cut jobs as it contends with a depressed gold price and operational problems which include an escalating battle with illegal miners. Unveiling its results for the three months to end-September, the company said losses narrowed...

  • BUENOS AIRES, Nov 4- Procter& Gamble Co, the world's No. 1 household products maker, has no plans to lay off staff in Argentina despite having to suspend commercial operations in the country while it grapples with a tax fraud probe, a source familiar with the matter said on Tuesday. Argentina accused P&G on Sunday of hiding income and over-billing $138 million in...

  • Target marks 11 underperforming stores for closure Tuesday, 4 Nov 2014 | 5:13 PM ET

    Target will shutter 11 stores in the US, more than it has closed in the last two years combined.

  • WASHINGTON, Nov 3- Sprint Corp announced on Monday it will fire 2,000 employees as the company attempts to cut costs and turn around several quarters of losses. Sprint reported a loss of 19 cents per share, well below analyst expectations of a loss of 6 cents per share, according to Thomson Reuters I/B/E/S. Sprint shares dropped 7.7 percent to $5.72 in after-market...

  • HELSINKI, Oct 30- Finnish mining technology company Outotec reported a lower-than-expected third-quarter profit on Thursday and said it would cut jobs because low metal prices and the Ebola epidemic in resource-rich Africa were affecting its business. The disappointing third-quarter performance prompted the company to trim its full-year revenue...

  • Bombardier profit nearly halves on charge for job cuts Thursday, 30 Oct 2014 | 6:12 AM ET

    Oct 30- Canadian plane and train maker Bombardier Inc's quarterly profit dropped nearly 50 percent as it took a $120 million charge related to previously announced job cuts. The Montreal- based company's net income fell to $74 million, or 3 cents per share, in the quarter ended Sept. 30, from $147 million, or 8 cents per share, a year earlier. Revenue rose nearly 21...

  • HBO to lay off about 7% of workers: Report Tuesday, 28 Oct 2014 | 10:34 AM ET
    Richard Plepler, HBO Chief Executive Officer

    HBO is planning to lay off over 150 employees beginning as early as this week, Variety reports.

  • SAN FRANCISCO, Oct 16- Struggling U.S. chipmaker Advanced Micro Devices Inc said on Thursday it was cutting 7 percent of its workforce and it gave a lower-than-expected revenue forecast for the current quarter, sending its shares lower. The company's third major round of job cuts since 2011 comes a week after AMD said Chief Executive Officer Rory Read had been...

  • Office Depot to cut 1,100 jobs in Europe Thursday, 16 Oct 2014 | 9:40 AM ET

    Oct 16- Office Depot Inc said it would eliminate about 1,100 jobs in Europe as part of a restructuring plan in the region. The company had 64,000 employees worldwide as of Jan. 25. The office supply retailer said it expects the restructuring to reduce annual costs by about $90 million by the end of 2016..

  • DETROIT, Oct 15- Ordinary Detroit residents sounded off with passion and anger on Wednesday as they gave a federal judge their views on the city's plan to exit its historic municipal bankruptcy. Bankruptcy Judge Steven Rhodes began a hearing on Sept. 2 to determine if Detroit's plan to restructure $18 billion in debt is fair and feasible. Some residents of...

  • CHICAGO, Oct 14- CME Group Inc plans to cut 5 percent of its global workforce, or about 150 jobs, to reduce costs with most cuts hitting its technology operations, the world's largest futures exchange operator said on Tuesday. CME declined to detail how much money the staff reductions will save the company, which owns the Chicago Board of Trade and New York...

  • CHICAGO, Oct 14- CME Group Inc plans to eliminate 5 percent of its global workforce, or about 150 jobs, with most cuts hitting its Chicago headquarters, the world's largest futures exchange operator said on Tuesday. A spokeswoman declined to say how much money the cost cuts will save at CME, which owns the Chicago Board of Trade and New York Mercantile Exchange.

  • CME Group to cut 5 percent of global workforce Tuesday, 14 Oct 2014 | 11:23 AM ET

    CHICAGO, Oct 14- CME Group Inc plans to cut 5 percent of its global workforce, or about 150 jobs, the world's largest futures exchange operator said on Tuesday. Most of the layoffs will come from CME's technology operations, with the rest coming from corporate and administration functions, the Chicago- based company said. CME, which owns the Chicago Board of Trade and...

  • BARI, Italy Oct 14- Italian magistrates have ordered Merrill Lynch and two of its former employees to stand trial over a regional government's losses from a 870 million euro bond, investigative and legal sources told Reuters on Tuesday. The case relates to bonds issued by the Apulia region in 2003-2004 in a restructuring of its health sector debt through...

  • Oct 10- GT Advanced Technologies Inc said it will cut 890 jobs, close an Arizona plant expected to make scratch-resistant screens for Apple Inc, and suggested it could pursue legal claims against the iPhone maker while revamping under bankruptcy. "GT believes that it has many claims against Apple arising out of its business relationship with Apple," the company...