SAN JUAN/ NEW YORK Aug 28- Puerto Rico's imminent fiscal reform plan will aim to persuade bondholders to restructure debt by showing the government is willing to share the burden. But some of the plan's expected reforms- such as cuts to teacher pensions and University of Puerto Rico subsidies- may be too politically unfeasible to coax bondholders to the table,...» Read More
WASHINGTON— Fewer people sought U.S. unemployment benefits last week, evidence that employers remain confident in the economy and are laying off few workers. The Labor Department said Thursday that weekly applications for unemployment aid dropped 6,000 to a seasonally adjusted 271,000. The four-week average, a less volatile measure, ticked up 1,000 to...
Aug 27- Diversified U.S. miner and energy producer Freeport-McMoran Inc said it would lower its capital budget for mining in 2016 by 25 percent, or $700 million, as commodity prices continue to weaken.
Maker of angry birds may have some (former) workers very angry indeed.
HELSINKI— Popular mobile game maker Rovio Entertainment says it plans to restructure its business and lay off up to 260 people because the company took on "too many things" during the past few years. The layoffs will affect the whole organization, excluding teams working on the Angry Birds Movie in the United States and Canada, expected for release in May 2016.
PHILADELPHIA— La Salle University's new president has announced the Philadelphia school has laid off 23 employees just two months into her tenure. Colleen Hanycz says she knew La Salle needed to make some changes but the cuts weren't something she anticipated. The Philadelphia Inquirer reports a $12 million deficit and a declining freshman enrollment is to...
Boeing workers brace for layoffs in the satellite business.
WASHINGTON, Aug 24- Boeing Co on Monday told its workers that it expected to cut as many as "several hundred" jobs in its satellite business through the end of 2015 due to a downturn in U.S. military spending and delays in commercial orders. Multiple commercial orders were being delayed by recent failures of launch vehicles and uncertainties about the future...
HAVANA, Aug 24- Austerity measures and the restructuring of Cuba's Soviet-style economy have reduced spending on research and development by close to 50 percent over the last five years, according to a government report released last week. President Raul Castro's government has imposed strict austerity measures since he replaced his ailing brother Fidel...
Lenovo announces 3200 layoffs after Motorola unit tanks.
Kraft Heinz laying off 2,500 employees.
Aug 12- Kraft Heinz Co said it will eliminate 2,500 jobs in the United States and Canada, including about 700 at its headquarters in Northfield, Illinois. Kraft Heinz currently has about 46,000 employees, including about 1,900 at the company's headquarters, spokesman Michael Mullen in an emailed statement to Reuters on Wednesday. The combined Kraft Heinz has...
Kraft Heinz said it will cut 2,500 jobs in the U.S. and Canada following the creation of the company through the merger of Heinz and Kraft.
McDonald's said on Thursday it laid off in July 135 employees at its U.S. headquarters and 90 employees posted overseas as part of a restructuring.
WASHINGTON, Aug 7- The number of U.S. jobs probably rose at a healthy pace in July and wages likely rebounded in data due on Friday, providing further signs of an improving economy that could allow the Federal Reserve to raise interest rates in September. The Labor Department will release its closely watched employment report on Friday at 8:30 a.m..
LOS ANGELES, Aug 6- McDonald's Corp said on Thursday it laid off in July 135 employees at its U.S. headquarters and 90 corporate employees posted overseas as part of a major restructuring at the fast-food chain, which has been fighting to reverse a long sales slump. McDonald's Chief Executive Steve Easterbrook in May announced plans cut $300 million in costs by...
Job cuts surged to 105,696 in July as the military announced plans to reduce troop and civilian workforce payrolls.
John Challenger, Challenger, Gray and Christmas CEO, breaks down the latest jobs numbers and weighs in on what's likely prompting the layoffs.
Chevron misses big with Q2 earnings; posts its worst profit in almost 13 years.
Sharp quits the U.S. TV market; licenses its Aquos brand to China's Hisense.
Shell posts a sharp drop in profit; expects a prolonged downturn in oil prices.