WASHINGTON-- The Labor Department reports on the number of people who applied for U.S. unemployment benefits last week. The report will be released Wednesday at 8:30 a.m. Eastern. SOLID JOB GAINS: The decline in layoffs should help boost job gains at a time when hiring has accelerated.» Read More
CHICAGO, Nov 15- Caterpillar Inc said on Friday that it will close another plant and lay off 240 additional workers as it continues to respond to a sharp drop in demand for its earth-moving products from customers in the mining industry.
ATLANTA, Nov 14- Lockheed Martin Corp, the world's largest defense contractor, said on Thursday it plans to slash 4,000 jobs and shutter plants in several states to reduce costs in the face of declining U.S. defense spending.
By Agnieszka Flak and Cyril Altmeyer. MILAN/ PARIS, Nov 12- Cash-strapped Italian airline Alitalia is planning the first mass firing since its 2008 privatisation to cut costs, but a source said it was unlikely to go far enough to persuade top shareholder Air France-KLM to rescue it in a cash call.
ROME/ MILAN, Nov 12- Cash-strapped Italian airline Alitalia is planning the first mass firing since it was privatised in 2008 to shrink costs and lure potential new partners while top shareholder Air France-KLM refuses to commit to a firm investment.
Nov 12- Biotechnology company Dendreon Corp said it would reduce annual costs by $125 million and cut about 150 jobs in a new round of restructuring, as it struggles to boost sales of its flagship cancer vaccine. Dendreon's net product revenue, reflecting Provenge sales, fell 13 percent to $68 million in the third quarter ended Sept. 30.
Nov 12- Biotechnology company Dendreon Corp said it would restructure to cut costs after reporting another quarter of weak sales of its prostate cancer vaccine, Provenge.
Nov 8- JPMorgan Chase& Co expects to complete its previously announced plan to eliminate 4,000 jobs from its consumer business by year-end, 12 months ahead of schedule, a bank executive said on Friday.
*1,775 job cuts to hit Portsmouth, Filton and Scotland. LONDON, Nov 6- Defence contractor BAE Systems plans to lay off 1,775 ship workers across the UK as the biggest warships Britain has ever built near completion with no similar-sized orders on the horizon.
CALGARY, Alberta, Nov 5- Encana Corp, Canada's largest natural gas producer, said on Tuesday it will cut about 20 percent of its workforce, slash its dividend, and focus future spending on just five regions rich in oil and gas liquids as it looks to move away from low-value natural gas production.
LONDON, Nov 5- G4S plans to shake up the weakest parts of its business and lay off up to 400 UK staff as the new boss of the world's largest security firm by revenue battles to restore its reputation tarnished by a series of high-profile blunders.
The digital media and entertainment company said on Tuesday it took a pre-tax restructuring charge of $19 million and an impairment charge of $25 million, both related to Patch, sending operating income down 61 percent to $16.7 million.
Nov 5- Encana Corp, Canada's largest natural gas producer, said it will cut about 20 percent of its workforce, slash its dividend and invest nearly three-quarters of its 2014 capital spending budget in more lucrative oil and liquid gas assets. Encana, which had 4,193 employees on Dec. 31, said it will cut its dividend to 7 cents per share from 20 cents.
*Zambia warns may revoke Konkola licence. LUSAKA, Nov 4- Zambian President Michael Sata threatened on Monday to revoke the licence of Konkola Copper Mines, owned by London- listed Vedanta Resources, if it goes through with a plan to lay off more than 1,500 workers.
DETROIT, Oct 29- Detroit Emergency Manager Kevyn Orr said Tuesday he could force a legally binding settlement on the city's creditors if they were unwilling to accept a proposed restructuring plan in bankruptcy court.
DETROIT, Oct 29- Detroit Emergency Manager Kevyn Orr said Tuesday he was "probably not" willing to accept an agreement to restructure the city's debt without including cuts to pension benefits before the city filed for bankruptcy in July.
Oct 24- Bank of America Corp said on Thursday that it was cutting up to 4,000 mortgage jobs as fewer borrowers refinance, and fewer home loans go bad. Wells Fargo& Co, JPMorgan Chase& Co and Citigroup Inc. have announced thousands of layoffs among them in recent months.
Oct 24- Bank of America Corp said on Thursday that it was cutting up to 4,200 mortgage jobs as fewer borrowers refinance, and fewer home loans go bad. Wells Fargo& Co, JPMorgan Chase& Co and Citigroup Inc. have announced thousands of layoffs among them in recent months.
Oct 24- Boston Scientific Corp, which a day earlier announced a new round of job cuts, on Thursday reported a narrower third-quarter loss on flat sales of its array of medical devices. Excluding special items, including for new restructuring programs and litigation, Boston Scientific earned 10 cents per share.
Bankruptcy Judge Steven Rhodes on whether Detroit is eligible to restructure its debts and liabilities under Chapter 9 of the U.S. Kevyn Orr, the city's emergency manager who has broad powers over Detroit's finances, is expected to testify on Friday, his spokesman, Bill Nowling said by a Twitter message.
SAN FRANCISCO, Oct 22- A host of U.S. chipmakers gave quarterly revenue forecasts that disappointed Wall Street and hurt their shares on Tuesday, including Broadcom Corp, which said it would lay off over a thousand workers as it struggles with slow demand for its cellphone chips.