Pepsi to Cutback Jobs and Pensions To Boost Earnings
PepsiCo Inc. (NYSE:PEP) is considering cutting nearly 4,000 jobs and reducing pension contributions. The belt tightening is being considered as a way to boost earnings, as the soft-drink company could...
View ArticleCompanies Winning and Losing in the Food Industry
On Tuesday, Kraft Foods Inc. (NYSE:KFT) announced it will cut about 1,600 jobs in North America this year, due to splitting into two different companies. Kraft is seeking to separate its grocery...
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Thursday Morning Cheat Sheet: 3 Stories Moving Markets
Markets declined in Asia on Thursday. Japan’s Nikkei fell 0.76 percent, Hong Kong’s Hang Seng fell 0.30 percent, and Australia’s S&P/ASX 200 fell 0.70 percent. Markets trekked up in Europe in...
View ArticleThursday’s Mid-Day Movers: 3 Stories Driving Markets
Mr. Market was in a good mood on Thursday as U.S. stocks advanced. As expected, the European Central Bank announced on Thursday that it will lower the interest rate on both the marginal lending...
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Unemployment’s Down, But Is It Enough?
Payroll processor ADP’s national employment reported showed Wednesday that employers added a disappointing number of new jobs to their payrolls in April. But data supplied Thursday by the outplacement...
View ArticleBank of America Faces Shareholders with These Problems Afoot
Bank of America (NYSE:BAC) is set to have its annual shareholder meeting in Charlotte on Wednesday, with company officials and investors trying to be optimistic about BofA’s prospects. While the...
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3 Financial Stock Stories To Start the Trading Week
Lloyds Banking Group (NYSE:LYG): Current price $3.57 Lloyds Chairman Win Bischoff will step down, following over three years in the position, explaining that the bank’s rebound from its 2008 government...
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Is ESPN Cutting Jobs Because It Paid So Much For Content?
ESPN announced its first major staff reduction since 2009 on Tuesday. This is a surprising announcement, at least on its surface, because The Walt Disney Company’s (NYSE:DIS) sports network is...
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Thursday Morning Cheat Sheet: 3 Stories Moving Markets
Markets declined in Asia on Thursday. Japan’s Nikkei fell 0.85 percent after a volatile trading session, ending below 13,000 for the first time in two months. In Hong Kong, the Hang Seng declined 1.05...
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IBM’s American Job Cuts Have Now Begun
International Business Machines Corp. (NYSE:IBM) has begun job cuts as a part of a plan to reduce its workforce the company announced in April after disappointing first quarter earnings. NEW! Discover...
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Wednesday Morning Cheat Sheet: 3 Stories Moving Markets
Major markets declined in Asia on Wednesday, driven lower by an underwhelming reading of the HSBC China Composite PMI index and general unrest over protests in Egypt. WTI crude oil climbed to $101.31...
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Sequestration and Obamacare Pushed Up Job Cuts in June
While job cuts have declined overall, four of the five industries that experienced the heaviest layoffs this year have seen job cuts increase by an average of 60 percent. Of the these top five...
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ADP: Hiring Picked Up Faster Than Expected Last Month
Businesses are adding jobs and laying off less workers. Following Challenger, Gray & Christmas’s monthly job cuts report, which pointed to a noticeable slowdown in job cuts during the first six...
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Wednesday’s Mid-Day Movers: 3 Stories Driving Markets
The major stocks were fluctuating Wednesday during the shortened holiday session. As of noon: DIJA: +0.51% to 15008.60 S&P 500: +0.21% to 1617.43 NASDAQ: +0.50% to 3450.41 Gold: +2.11% to 64.024...
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Jobless Claims Are Falling, But Will Hiring Pick Up Soon?
The Department of Labor will not release its official June employment report until Friday, but Wednesday has been awash with clues. Not only did ADP’s National Employment Report show that the private...
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Thursday Morning Cheat Sheet: 3 Stories Moving Markets
Markets advanced in Asia on Thursday, in part due to a better-than-expected manufacturing report out of China. Japan’s Nikkei climbed 2.47 percent to 13,005.8, while the yen wobbled higher to 98.645...
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Thursday’s Midday Movers: 3 Stories Driving Markets
The major U.S. stocks were rising again Thursday after an encouraging U.S. jobs report. As of 12:08 p.m.: DIJA: +0.80% to 15622.81 S&P 500: +1.04% to 1703.23 NASDAQ: +1.05% to 3664.55 Gold: -1.43%...
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Heinz Bleeds Red: 600 Job Cuts Follow Acquisition
HJ Heinz Co is bleeding red again as it announces its plans to cut 600 office jobs in the U.S. and Canada. The Pittsburgh-based ketchup maker first announced its acquisition by Berkshire Hathaway Inc...
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Thursday’s Midday Movers: 3 Stories Driving Markets
The major U.S. markets were rising Thursday. As of noon: DIJA: +0.14% to 14,951.92 S&P 500: +0.24% to 1,657.06 NASDAQ: +0.33% to 3,660.95 Gold: -2.04% to 78.4 Oil: +0.93% to 25.56 U.S. 10-Year:...
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Did BlackBerry’s U.S. Sales Force Just Get Cut in Half?
More BlackBerry (NASDAQ:BBRY) employees were subject to another round of job cuts Monday, and this time, reports indicate they were part of the company’s U.S. sales force. According to technology blog...
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