The world's largest consumer electronics retailer Best Buy Co. Inc. (BBY) reported on Friday that the fourth quarter in fiscal 2012,the loss narrowed compared to the same period last year, which thanks to cost-cutting to offset the flat ...
Tags: Best Buy, consumer electronics retailer, BBY
Hewlett-Packard (HP) CEO Meg Whitman said this week that the company has reached the halfway point in its restructuring, with 15,000 employees left to cut to meet its layoff target. HP last May announced plans to reduce its workforce by ...
Tags: HP, halfway point, layoff target
Hewlett-Packard CEO Meg Whitman said this week that the company has reached the halfway point in its restructuring, with 15,000 employees left to cut to meet its layoff target. HP last May announced plans to reduce its workforce by some ...
Tags: Hewlett-Packard, Meg Whitman, layoff target
If a woodworking company wants to be truly recession proof, it should go into the coffin making business. Otherwise, as the economy ambiguously finds its way to a hopeful recovery, the company might have to take its fair share of financial ...
Tags: Industrial Woodworking Machines, New Woodworking Machine Price Ranges
New York — JCPenney ceo Ron Johnson took the stand this morning to testify in Macy's lawsuit over the Martha Stewart brand. For the first time, he publicly disclosed how much further staff cuts have gone since JCP announced the ...
Tags: JCPenney, Macy, Martha Stewart brand
Oracle CEO Larry Ellison has added a local airline to his Hawaiian holdings, following his purchase last year of Lanai, one of the state's islands. Ellison finalized the purchase of Island Air this week. Terms of the deal weren't ...
Tags: Oracle, Larry Ellison, Island Air
Taranto-based Italian steel producer Ilva has announced it is preparing to launch the massive investment plan needed to modernize its production facilities in accordance with the Environmental Integrated Authorization (EIA) issued by the ...
Tags: steel producer, steel, hot rolling
SONY has reported its eight straight quarter in the red but says it remains on track to achieve its forecast of a full-year profit. But the results, released after reports that Sony will this month announce the late 2013 launch of its ...
Troubles do not seem to be ending for textile millers in Pakistan, as while the energy crisis issues still continue to bother them, they are now faced with a strike by transporters. In fact, cargo handling operations at Port Qasim and ...
Tags: Transporters, Pakistan, Textile Exports
Furniture importers that have held off increasing prices in recent years may be forced to raise them in 2013 because of various factors, especially rising labor costs in Asia. Governments in Malaysia, Indonesia and Vietnam - all major ...
The Associated General Contractors of America (AGC) said Monday that significantly more construction firms are planning to add new staff than plan to cut staff while demand for many types of private sector construction projects should ...
Tags: construction firm, construction projects, US
Computerworld - After seeing 18 key IT staffers suddenly quit to take new jobs at General Motors, Hewlett-Packard has asked a Texas court for permission to depose two former managers to find out if employment contracts were violated. HP ...
Tags: General Motors, Hewlett-Packard, job cuts
Hewlett-Packard reduced its workforce last year by 17,800 employees, more than half way to the restructuring goal it announced last year. Most of the departures came via layoffs, though some key IT workers left unexpectedly. The company ...
Tags: HP, workforce, employees, IT workers, GM
Ruukki is to initiate employer-employee negotiations concerning temporary layoffs and redundancies for financial and production-related reasons in Kalajoki,Helsinki,Peräseinäjoki and Tampere in Finland.These negotiations affect ...
Tags: Ruukki, offshore business, Kalajoki, Finland
Members of the Communications Workers of America and the International Brotherhood of Electrical Workers have voted to ratify four-year contracts with Verizon Communications after contentious negotiations dating back more than a year. The ...
Tags: USA, Verizon Communications, CWA, strike