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  • WASHINGTON, April 26- China's massive corporate debt problem could be eased through debt-to-equity conversions or securitization of non-performing loans, the International Monetary Fund said on Tuesday, but only if these apply to viable firms that undergo restructuring. The IMF said in a blog posting on its website that it welcomes recent statements by...

  • The changes are part of an effort to simplify the editing and production processes of the International New York Times, and roles involved with those operations will be moved to New York and Hong Kong, according to the memo. The company said in a filing with the U.S. Securities and Exchange Commission that it expected to incur about $15 million in costs related to...

  • Freeport, which had a total of 34,500 employees as of Dec. 31, reported another loss for the first quarter and said it expected to record a charge of about $40 million in the second quarter related to the job cuts and other restructuring costs. The net loss attributable to common stockholders was $4.18 billion, or $3.35 per share, compared with a loss of $2.47 billion,...

  • Freeport, which had a total of 34,500 employees as of Dec. 31, said it expected to record a charge of about $40 million in the second quarter related to job cuts and other restructuring costs. The net loss attributable to common stockholders was $4.18 billion, or $3.35 per share, compared with a loss of $2.47 billion, or $2.38 per share, a year earlier.

  • PHOENIX— Freeport-McMoran's loss widened in the first quarter, but its adjusted results topped analysts' estimates. A year earlier the Phoenix- based company posted a loss of $2.47 billion, or $2.38 per share. That's better than the loss of 20 cents per share that analysts surveyed by Zacks Investment Research predicted.

  • Layoff, fired

    As companies announce layoffs in conjunction with earnings, investors should pay more attention to revenue, according to one expert.

  • WASHINGTON— Restaurant chain Bob Evans Farms is closing 27 underperforming locations and laying off 1,100 workers in attempt to boost profits. The New Albany, Ohio- company estimates expenses near $8 million related to the closures, most of which it expects to be non-cash charges. Bob Evans Farms Inc. operates more than 500 Bob Evans restaurants in 18 states...

  • RIO RANCHO, N.M.— A massive Intel plant has been a cornerstone in Rio Rancho, New Mexico, for nearly a generation. Now Intel's plan for massive companywide job cuts is creating uncertainty in Rio Rancho, one of largest cities in New Mexico that grew from a sleepy town to a sprawling area of 94,000 residents in the shadow of the chipmaker. Intel Corp. is expected to...

  • Halliburton cut jobs, delays earnings call

    The oilfield-services company disclosed it cut six thousand jobs in the quarter ended March 31.

  • Halliburton oil fracking

    Halliburton said it cut more than 6,000 jobs in the first quarter and said it would hold its earnings conference call on May 3 instead of April 25.

  • April 22- Halliburton Co said on Friday that it cut more than 6,000 jobs in the first quarter, during which revenue slumped 40.4 percent and it took a $2.1 billion restructuring charge mainly for asset write-offs and severance costs. The No.2 oilfield services provider also said it would now hold its earnings conference call on May 3, instead of April 25, to...

  • OKLAHOMA CITY— Oklahoma's Department of Human Services warned stakeholders Friday of catastrophic cuts to programs and services for vulnerable residents, the possible closures of county offices and more employee layoffs amid the state's budget crisis. In a letter sent Friday to employees and contractors, DHS Director Ed Lake says the agency already is...

  • DETROIT, April 22- Steve Girsky, the one-time Wall Street analyst who was instrumental in the emergence of General Motors Co from bankruptcy and the restructuring of the company after a 2009 government bailout, is retiring from the company's board of directors, GM said on Friday. Girsky led restructuring efforts at Opel, GM's primary brand in Europe, and pushed GM...

  • SAN FRANCISCO— Intel is cutting 12,000 jobs— about 11 percent of its workforce— as it reorganizes to confront a decline in sales of personal computers. Intel, which has long been the world's leading maker of PC chips, is now trying to expand into other types of computing. The latest cuts follow an earlier reduction of about 5,000 jobs announced by Intel in 2014, and...

  • The company said it would record a pretax restructuring charge of $1.2 billion in the second quarter.

  • TULSA, Okla.— An oil and natural gas producer has laid off 42 employees, including 38 at its headquarters in Tulsa. The Oklahoman reports that WPX Energy Inc. also cut three positions in North Dakota and one position in New Mexico on Monday. The company now focuses on the Permian, San Juan and Williston basins.

  • SAN FRANCISCO— Chipmaker Intel says it will cut 12,000 jobs, or about 11 percent of its workforce, over the next year.

  • NEW YORK, April 15- Sprint Corp said on Friday it has extended LTE Plus, a network improvement that offers customers its fastest network and higher data speeds to New York City and 190 other markets. Overland Park, Kansas- based Sprint has been giving customers half-off discounts to switch to its service and cutting costs to the tune of $2.5 billion by slashing jobs...

  • April 15- Intel Corp is planning to cut thousands of jobs this spring, including reducing headcount in some business units by double-digit percentages, news website Oregonlive said, citing sources inside the company familiar with the plan. The job cuts at the world's largest chipmaker this year will be considerably larger than the more than 1,100 U.S. jobs...

  • COLORADO SPRINGS, Colo., April 14- United Launch Alliance plans to cut up to 875 jobs, or about one-quarter of its workforce, before the end of 2017 to better compete against rivals bankrolled by billionaire entrepreneurs including Elon Musk and Jeff Bezos, ULA's chief executive said on Thursday. In an interview with Reuters, ULA CEO Tory Bruno said another 400 to...