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  • *Glencore takeover risk rises as shares fall. LONDON, July 2- Anglo American is planning to cut between 5 and 20 percent of staff at head offices around the world, sources close to the matter said, in an effort to keep shareholders on side and respond to a commodity price rout that has hit profits. Anglo American declined to comment.

  • ArcelorMittal Mexico unit to slash 2,800 jobs Wednesday, 1 Jul 2015 | 8:41 PM ET

    MONTERREY, July 1- ArcelorMittal, the world's largest producer of steel, will cut 2,800 jobs at its Mexico unit as global prices slump, it said in a joint statement with local competitors on Wednesday, while accusing Russia, China and Turkey of dumping steel on markets at levels below production costs. Altos Hornos de Mexico, DeAcero and ArcelorMittal warned in the...

  • US planned layoffs total 44,842 in June: Challenger Wednesday, 1 Jul 2015 | 7:30 AM ET
    Lost job fired

    The number of planned layoffs announced by U.S.-based companies ticked up nearly 10 percent in June from the previous month.

  • BEIJING, July 1- China's factory activity contracted for the fourth straight month in June but at a slower pace than in May, a private survey showed on Wednesday, offering signs that the economy may be slowly levelling out but is still in need of more support measures. The HSBC/ Markit Flash China Manufacturing Purchasing Managers' Index edged up to 49.4 from 49.2 in...

  • June 30- Standard& Poor's Ratings Services lowered its credit rating on Puerto Rico to' CCC-minus' from' CCC-plus', hours after Governor Alejandro Garcia Padilla said the U.S. territory needed a period of bankruptcy to restructure its debt. Former IMF staffers-- engaged by Government Development Bank, Puerto Rico's financing arm-- issued a damning report on Sunday...

  • UPDATE 1-Intuit lays off 399 employees Friday, 26 Jun 2015 | 6:29 PM ET

    June 26- Intuit Inc, a maker of software that helps with tax-preparation, said it has laid off 399 people. The company had about 8,000 full-time employees as of July 31, 2014. Patrick Barry, who leads customer communication software maker Demandforce, has also stepped back, though he remains with Intuit, the spokesperson said.

  • June 26- Intuit Inc, which makes software that helps with tax-preparation, has laid off 399 people, or about 5 percent of its workforce, technology news website TechCrunch reported. Patrick Barry, who leads customer communication software maker Demandforce, has also stepped back, though he remains with Intuit, TechCrunch reported, citing the company.

  • June 25- General Mills Inc, the maker of Cheerios cereal and Betty Crocker cake mixes, said it would cut 675-725 jobs in its international business under a new restructuring plan aimed at cutting costs and boosting growth. While General Mills' U.S. sales for the third quarter ended Feb. 22 rose after five straight quarters of decline, international sales have...

  • CALGARY, Alberta, June 23- Pipeline company TransCanada Corp and oil and gas producer Encana Corp both said on Tuesday they were cutting jobs, joining other Canadian energy firms that have laid off staff since global oil prices slumped. TransCanada, the backer of the controversial Keystone XL pipeline project, said it cut 185 jobs following a restructuring to...

  • J Crew fires VP after social media backlash: Source Friday, 19 Jun 2015 | 12:51 PM ET

    A J.Crew VP has been fired after posting celebratory photos to social media that seemingly taunted recently fired employees.

  • June 19- Chocolate maker Hershey Co cut its full-year sales growth forecast, citing weak sales in China, and said it would cut 300 jobs by the end of the year. The company has also made changes to its leadership team under a new productivity program that it expects will result in $65 million to $75 million in pretax savings, primarily in 2016.. Hershey's shares were...

  • J Crew exec seemingly taunts fired employees Thursday, 18 Jun 2015 | 6:04 PM ET
    A J. Crew sign is displayed outside one of company’s stores in New York.

    After layoffs at its headquarters in New York, one J.Crew VP is in hot water after joking about the firings on social media.

  • June 18- News Corp, owner of the Wall Street Journal, is carrying out a major reorganization at its Dow Jones news publishing unit that will involve job cuts and shifting resources to digital media. Dow Jones, which has about 5,000 employees worldwide, will close bureaus in Prague and Helsinki and cut jobs in bureaus in Europe and Asia, Gerard Baker, editor-in-chief...

  • June 18- News Corp, owner of the Wall Street Journal, is carrying out a major reorganization at its Dow Jones news publishing unit that will involve job cuts and shifting of resources into digital media, the Wall Street Journal reported. Dow Jones will close bureaus in Prague and Helsinki and cut jobs in bureaus in Europe and Asia, Gerard Baker, editor in chief of Dow...

  • CHICAGO, June 17- The Chicago City Council on Wednesday approved with no debate Mayor Rahm Emanuel's proposal to sell $1.1 billion of bonds to continue restructuring outstanding debt and pay other obligations. Chicago will use the authorization to convert short-term commercial paper into long-term fixed-rate bonds and complete the refinancing of...

  • MUNICH/ BERLIN/ VIENNA, June 17- Germany's MAN SE could cut as many as 2,000 jobs at its main trucks division as the Volkswagen-owned company slims operations under a wider reorganisation of production, company and union sources said. VW, Europe's largest vehicle manufacturer, has spent billions of euros over the past decade on expanding stakes in MAN and Scania...

  • Gap to close 175 stores and lay off 250 HQ workers Tuesday, 16 Jun 2015 | 7:20 AM ET
    A Gap store in New York.

    Gap plans to close 26 percent of its North American stores over the next several years in an effort to turn itself around.

  • June 15- Apparel retailer Gap Inc said it would close a quarter of its Gap specialty stores in North America over the next few years, including 140 this year, and cut about 250 jobs at its headquarters. The company also expects to incur one-time costs of $140 million to $160 million, primarily in the current quarter. After the closures, the company will have 500...

  • Colt Defense files for bankruptcy protection Monday, 15 Jun 2015 | 7:21 AM ET

    Famed U.S. gun maker Colt Defense LLC said it filed for Chapter 11 bankruptcy protection.

  • Famed U.S. gun maker Colt Defense LLC said it filed for Chapter 11 bankruptcy protection.