BP's business in Alaska will be smaller because of the previously announced sale of its interests in four North Slope oil fields to Hilcorp, spokeswoman Dawn Patience said.» Read More
NEW YORK— Auxilium Pharmaceuticals said Tuesday it is cutting 30 percent of its workforce, about 190 jobs, as part of a restructuring of its operations that will save it at least $75 million a year. Shares of Auxilium Pharmaceuticals Inc. were unchanged at $20.38 in aftermarket trading following the announcement.
Hundreds of W.Va. mines workers warned of layoffs Apple reveals smartwatch and new, larger iPhones Economic forecast in much of world: Dim to gloomy Stocks fall for second day; Apple slips US job openings stay near 13- year high; hiring up Trump casinos file Chapter 11; seek concessions Google's EU antitrust woes extended Late-payment rate on US auto loans rose in 2 Q American recovery drives the dollar sharply higher Electronic Arts drops Ray Rice from Madden game
Patriot Coal Corp. warns hundreds of mine workers in W.Va. layoffs could occur Apple unveils long-anticipated smartwatch, larger iPhones in ambitious expansion of products Global gloom: Pew survey finds widespread dissatisfaction with economic performance US stocks fall moderately; Apple product announcements drag down Garmin, eBay and Fossil US job openings remained near a 13- year high in July, while total hiring jumps Owner of Trump casinos in Atlantic City files for Chapter 11, threatens to close Taj Mahal EU antitrust authority again rejects Google's proposed deal, seeks more concessions TransUnion: US auto loan debt per borrower, late-payment rate increased in 2 Q US dollar looks like safe haven in gloomy world, rises sharply against other major currencies Electronic Arts removes Ray Rice from Madden' 15 video game
CHARLESTON, W.Va.— In what has become a painful exercise across Appalachia, Patriot Coal is again telling hundreds of West Virginia mine workers that they could lose their jobs. On Tuesday, the St. Louis- based company said it sent federally required warning notices to all 360 workers at its Corridor G mining complex and prep plant near Danville.
NEW YORK/ WILMINGTON, DELAWARE, Sept 9- Puerto Rico's indebted power authority better get used to some tough love from its new chief restructuring officer, Lisa Donahue, who has earned a reputation for decisiveness, hard work and a cold-blooded devotion to cutting costs.
SEATTLE— Seattle megachurch Mars Hill is closing some branches and making plans to lay off employees to deal with fundamental problems in the evangelical empire. Financial problems in the wake of recent leadership issues are forcing the cutbacks, The Seattle Times reported in Monday's newspaper.
SINGAPORE, Sept 8- The plan to save Malaysia Airlines could succeed where past endeavours have failed because the government has finally put politics aside by agreeing to sweeping job cuts, people briefed on the restructuring told Reuters. Flight MH370 remains missing since it disappeared en route to Beijing in March and MH17 was shot down over Ukraine in July.
DETROIT, Sept 4- Revenue projections in Detroit's debt adjustment plan will be hard to achieve, but restructuring initiatives will bring in new money and help make Detroit's plan feasible, Detroit's chief financial officer said Thursday in the city's historic bankruptcy hearing.
U.S. employers said they plan to cut about 40,000 positions, according to a survey by Challenger, Gray & Christmas.
*Malaysia Airlines to cut staff by 30 pct to 14,000. KUALA LUMPUR, Aug 29- Malaysia Airlines will slash nearly a third of its 20,000 workforce and cut back its global route network as part of a radical 6 billion ringgit restructuring following the devastating impact of two jetliner disasters.
PARIS, Aug 29- Russia's top carmaker Avtovaz plans to reduce staff numbers to 30,000 by 2020 from 55,000 to boost competitivity, finance head Evgeny Belinin told France's Les Echos daily business newspaper at the Moscow motor show.
*Malaysia Airlines to cut staff by 30 pct to 14,000. KUALA LUMPUR, Aug 29- Malaysia Airlines, the country's loss-making flag carrier, will cut 30 percent of its workforce as part of a sweeping restructuring that will cost 6 billion ringgit, majority investor Khazanah Nasional said.
KUALA LUMPUR, Aug 29- Malaysia Airlines will cut 30 percent of its workforce as part of a restructuring that will cost 6 billion ringgit, majority investor Khazanah Nasional said on Friday.
KUALA LUMPUR, Aug 28- As bodies from downed Flight MH17 were brought home last week, a group of Malaysia Airlines flight attendants, in black mourning headscarves contrasting with their pink and turquoise uniforms, sobbed and clung to each other in grief.
KUALA LUMPUR, Aug 27- As bodies from downed Flight MH17 were brought home last week, a group of Malaysia Airlines flight attendants, in black mourning headscarves contrasting with their pink and turquoise uniforms, sobbed and clung to each other in grief.
JOHANNESBURG/ LONDON, Aug 25- The chief executive of platinum producer Lonmin denied assertions from mining industry sources on Monday that the company aimed to cut around 5,700 jobs as part of a drive to restore profits after a five-month strike.
Aug 15- Deere& Co, the world's largest maker of farm equipment, said it would indefinitely lay off more than 600 employees at plants in Illinois, Iowa and Kansas as falling grain prices hurt demand for tractors, harvesters and other agricultural machinery.
The plants are in Moline and East Moline, Illinois; Ankeny, Iowa; and Coffeyville, Kansas, Deere said.
Aug 14- Network equipment maker Cisco Systems Inc said on Thursday its plan to slash 6,000 jobs will result in restructuring charges of $700 million in cash in the year ending July 2015. Shares in Cisco, still the world's largest networking equipment maker, were down 2.7 percent at $24.52 on the Nasdaq.
Aug 14- Network equipment maker Cisco Systems Inc said it would take restructuring charges of $700 million in cash in the year ending July 2015 related to its plan to cut 6,000 jobs. Cisco shares were down 1.5 percent at $24.82 in premarket trading on the Nasdaq.