The U.S. economy took a beating from an especially harsh winter during the January-March quarter, skidding into reverse for the first time in three years. But spring has arrived and along with it, signs that the chill was just a temporary ...
Falling hardware sales and the cost of layoffs hit IBM's profit hard in the first quarter, sending it down 21 percent from a year earlier.? Sales also fell, sliding 4 percent from last year's first quarter to US$22.5 billion. The ...
Tags: IBM, Hardware, Computer Products
US-based coal producer Walter Energy, Inc. has announced that it will begin idling its Canadian operations, including the Wolverine and Brazion coal mines in British Columbia, this month, due to the unfavorable coal pricing environment. ...
Tags: Coal Mines, Walter Energy, mine
Houston, Texas-based TMK IPSCO, the American Division of global pipe manufacturer TMK, announced Monday plans to reduce the number of operating hours used to produce welded pipe at its Blytheville, Arkansas, Camanche, Iowa and Wilder, ...
Tags: Metallurgy, Mineral, Energy, Welded Pipe
US Steel Corp. confirmed Monday that it will lay off workers at its Lorian Tubular Operations plant in Ohio, although the brief statement did not indicate how many workers would be affected or when the layoffs would be implemented. ...
Tags: Tubular Plant, Mineral
Medtech giant St. Jude Medical announced a major reorganization and leadership changes on Tuesday. The Little Canada, MN–based company says its two operating divisions will be integrated into one research and development ...
Every employer annually plans the number of personnel when making plans for the year, same as ArcelorMittal Temirtau. The Company is going to reduce 2,500 jobs in 2014 and has approved 12,028 employees for 2014. This planned layoffs ...
Tags: jobs
Initial jobless benefit claims rose to their highest level since March in the week ended Dec.14,the Labor Department reported. The rise reflects fluctuations that usually happen around the end of the year due to holiday-related ...
LED manufacturers are becoming increasingly lost in a flourishing market, with each searching for the road to transformation, according to an article by Guangming Daily. Lighting industry leader, NVC Lighting Chairman Wu Changjiang shares ...
Tags: LED Lighting, Lighting, LED, Lights
Following several negotiation sessions, the Management Board and Works Council of Lenzing AG agreed on a comprehensive package of social measures designed to cushion the effects of the recently announced cost reduction plan. A ...
Tags: Redundancy Program, Textile
British-Dutch multinational company Unilever is looking to cut its product portfolio by 30% by the end of 2014, in a move to become more efficient and reverse its global slowdown. The company also said that it is set to eliminate 2,000 ...
Tags: Unilever, higher-growth markets
Minimally invasive medical device specialist Angiodynamics (Albany, NY) has announced its intention to cut as many as 100 of its workers, representing nearly 8% of its workforce of approximately 1330. The move is part of what the firm terms ...
The Direxion Torqueable Microcatheter-a microcatheter for shrinking tumors or blocking aneurysms-has won FDA and CE Mark approval, Boston Scientific recently announced. The FDA granted the Direxion a 510(k) clearance because it retains ...
Tags: Boston Scientific Microcatheter, FDA Approval, Direxion a 510(k)
GateHouse Media Inc. CEO Kirk Davis says the company's shuttering of 10 weeklies in Eastern Massachusetts was necessary to shore up its stronger area publications. "There's no nobility in trying to cover every town in Eastern ...
Tags: GateHouse, Mass Changes, shore up
Volcano Corporation (San Diego, CA) may be looking for a suitor as its stock has underperformed the expectations of many analysts. The company’s stock has lagged behind the S&P 500 and the Health Care Equipment & Supplies index in the ...
Tags: Volcano Corporation, Medicine