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Here’s Why Barclays Has Drawn the Ire of Investors
Source: http://www.flickr.com/photos/alwyn_ladell/ Barclays (NYSE:BCS) — like many other large banks — still bears the scars of the financial crisis; litigation and regulatory charge are ongoing, with...
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Investors Are Saying Goodbye to J.C. Penney on a Grand Scale
Source: http://www.flickr.com/photos/12508217@N08/ Weather has not been good for employment and it has not been good for the retail sector. The U.S. Department of Commerce reported Thursday that...
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IBM Firing Spree Starts in India
Source: http://www.flickr.com/photos/mwichary/ According to a recent report from Forbes, International Business Machines (NYSE:IBM) has begun a slew of massive layoffs in its India operations that...
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Boeing Sheds Almost 600 Jobs in Texas as Current Commercial Work Closes
Despite trying to ramp its build rate for the 787 Dreamliner, Boeing (NYSE:BA) will be cutting between 550 and 600 jobs over the next two months at its facility in San Antonio, Texas, according to a...
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Report: IBM to Cut a Quarter of Hardware Workforce
Source: http://www.flickr.com/photos/lisboncouncil/ International Business Machines (NYSE:IBM) has had a rough time in recent years as CEO Ginni Rometty tries to improve the company’s profitability in...
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Disney Interactive Pulls the Plug on 700 Jobs
It’s safe to say the magic just wore off for some 700 Walt Disney Co. (NYSE:DIS) workers. Variety reported Thursday that Disney Interactive is cutting 700 jobs, about 26 percent of its total...
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Facing Angry Investors, Barclays’s Investment Bank Is Under Review
Source: http://www.flickr.com/photos/ell-r-brown/ Barclays (NYSE:BCS) — like many other large banks — still bears the scars of the financial crisis, with hefty regulatory charges and long-lasting...
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Sprint Axes 1,400 Jobs in Latest Cost-Cutting Strategy
Source: Thinkstock Sprint Corp. (NYSE:S) is cutting more than 1,400 jobs across the country, according to a recent report from CNET and FierceWireless. The company is closing call centers and...
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Family Dollar to Cut Jobs, Prices, and Close 370 Stores
Family Dollar (NYSE:FDO) is struggling. According to Fierce Retail and Reuters, the retailer announced on Thursday that, in order to offset declining sales and profit, it will start cutting jobs and...
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A New Wound Every Day: Why Big Banks Are Bleeding Jobs Again
Source: http://www.flickr.com/photos/44313045@N08/ If you’re looking for signs of economic recovery from big banks, you’re out of luck. The financial sector is once again hemorrhaging jobs, and now...
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