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  • 2 Indiana HVAC plants to close, costing 2,100 jobs Wednesday, 10 Feb 2016 | 1:58 PM ET

    Carrier Corp. said it would shutter its Indianapolis plant where 1,400 workers and move its manufacturing to Mexico. Carrier Corp. and UTEC are both units of Hartford, Connecticut- based United Technologies Corp.. Carrier's president of North American HVAC systems and services, Chris Nelson, said the company is closing the Indianapolis plant in response to "...

  • NEW YORK, Feb 9- The chief investment officer of Apex Capital is departing to launch a new technology-focused hedge fund, causing a restructuring of his old firm, according to a letter sent to Apex clients and a person familiar with the situation. That new firm is SoMa Equity Partners, and will led by current Apex chief investment officer Gil Simon.

  • Noranda Aluminum files for bankruptcy Tuesday, 9 Feb 2016 | 10:29 AM ET

    KANSAS CITY, Mo.— One of North America's biggest makers of aluminum foil is seeking bankruptcy protection to restructure, citing falling aluminum prices and other market challenges that also will force it to idle production at a Missouri smelter. Noranda Aluminum Holding Corp., which refines aluminum and mines bauxite, made the Chapter 11 filing Monday in St....

  • BlackBerry laying off 200 employees Friday, 5 Feb 2016 | 7:10 PM ET
    John Chen, CEO of BlackBerry at CES 2016 in Las Vegas.

    BlackBerry said on Friday that it has laid off 200 employees in California and Florida. The New York Times reports.

  • TORONTO, Feb 5- BlackBerry Ltd is cutting 200 jobs at its hometown headquarters in Ontario and in Florida in order to trim costs, it said on Friday, as the smartphone maker moves to turn around its fortunes and put more emphasis on its enterprise software business. The layoffs will affect 75 manufacturing jobs in Sunrise, Florida, a state government website showed.

  • WASHINGTON, Feb 4- The number of Americans filing for unemployment benefits rose more than expected last week, suggesting some loss of momentum in the labor market amid a sharp economic slowdown and stock market selloff. It looks like the labor market has scaled back its rapid advance last month, "said Chris Rupkey, chief economist at MUFG Union Bank in New York.

  • WASHINGTON, Feb 4- The number of Americans filing for unemployment benefits rose more than expected last week, suggesting some loss of momentum in the labor market amid a sharp economic slowdown and stock market selloff. It looks like the labor market has scaled back its rapid advance last month, "said Chris Rupkey, chief economist at MUFG Union Bank in New York.

  • US layoffs surge to 6-month high: Challenger Thursday, 4 Feb 2016 | 8:07 AM ET
    Stressed unemployed

    Layoffs surged in January to the highest levels since last summer as employers in the retail and energy sectors pulled out the pink slips.

  • Monthly jobs cuts up 218%: Challenger Thursday, 4 Feb 2016 | 7:31 AM ET
    Monthly jobs cuts up 218%: Challenger

    John Challenger, Challenger CEO, provides insight to new data on jobs.

  • GENEVA— Credit Suisse is cutting roughly 4,000 jobs to reduce costs after announcing a massive pre-tax loss in the fourth quarter that includes "substantial charges which are not reflective of our underlying business performance," the bank said Thursday. It reported a pretax quarterly loss of 6.4 billion, including a 3.8- billion-franc impairment charge...

  • The company, which makes computer-aided design software, said it expected pre-tax charges of $85 million- $95 million related to the restructuring. The company in November forecast fourth-quarter adjusted profit of between 8- 12 cents per share on revenue of $620- $640 million. Analysts on average were expecting a profit of 10 cents per share on revenue of...

  • Autodesk to cut 10 pct of workforce Wednesday, 3 Feb 2016 | 9:10 AM ET

    The company said it anticipated pre-tax charges of $85 million- $95 million related to the restructuring.

  • Ford Europe slashes jobs to trim costs Wednesday, 3 Feb 2016 | 8:08 AM ET
    Ford Europe slashes jobs to trim costs

    The auto company plans to shed hundreds of jobs in Europe to cut costs by $200 million annually.

  • BERLIN, Feb 3- Ford plans to cut hundreds of white-collar jobs in Europe to reduce costs by $200 million a year and revamp its model line-up as it targets sustainable profitability in the region, the carmaker said on Wednesday. The U.S. company turned a full-year profit of $259 million in Europe in 2015, its first since 2011, helped by a 10- percent gain in vehicle...

  • Doubt Yahoo can execute new plan: Pro Wednesday, 3 Feb 2016 | 6:22 AM ET
    The Yahoo! website and logo are displayed on laptop computers in Washington, April 15, 2014.

    I've walked away from my buy rating on the stock, says Victor Anthony, Axion Capital Management, weighing in on the challenges ahead for Yahoo and whether CEO Marissa Mayer has run out of time to turnaround the company.

  • The announcement is the strongest sign yet that the board and Chief Executive Marissa Mayer may be willing to sell the struggling Internet business- essentially websites, email and online search- under growing pressure from impatient shareholders. "We believe the strategic plan does not fully address the core issues which have destroyed shareholder value-...

  • Feb 2- Yahoo Inc, under growing pressure from impatient investors, said on Tuesday it would consider "strategic alternatives" for its core Internet business and cut about 15 percent of its workforce, even as it continues with its plan to revamp the business and spin it off. The announcement is the strongest sign yet that Chief Executive Marissa Mayer may be willing...

  • The latest warnings came from Exxon Mobil, which reported Tuesday that fourth-quarter earnings fell 58 percent in the oil giant's weakest quarter since 2002. Those reports follow Chevron Corp.' s first money-losing quarter in more than 15 years and Royal Dutch Shell's warning that its 2015 profit fell sharply. Crude prices first fell below $30 last month from...

  • SAN FRANCISCO— Yahoo is laying off about 1,700 employees and shedding some of its excess baggage in a shake-up likely to determine whether CEO Marissa Mayer can save her own job. The long-anticipated purge, announced Tuesday, will jettison about 15 percent of Yahoo's workforce along with an assortment of services that Mayer decided aren't worth the time and...

  • TALLAHASSEE, Fla.— Florida justices delay execution after US Supreme Court ruled state's death system is flawed.