JC SiLent:You cant be that far away from me ; if we're looking on the same side of the moon
Friday, October 24, 2008
Wave of job cuts sweeps across corporate America
http://www.reuters.com/article/ousiv/idUSTRE49M8D520081024 - Reuters.com
Govt figs released on Thu showed the no. of U.S. workers filing new claims for jobless benefits rose by 15000 to a seasonally adjusted 478000 in the wk ended Oct 18
Here are a sample of announcements and reports from the past 36 hours:
* Chrysler LLC said on Thursday it is slashing 1,825 jobs after losing $1b in the first half of the year.
* Goldman Sachs Group Inc plans to cut 10 percent of its staff, or almost 3,300 jobs after laying off hundreds of support staff and junior bankers in June.
* Money manager Janus Capital Group Inc said it would cut 9 percent of its staff a day after rival AllianceBernstein Holding Holding LP said it would make unprecedented job cuts
* Xerox Corp announced job cuts of 5 percent, or 3,000 positions, due to a "tough business environment."
* Mining equipment maker Terex Corp said it would lay off hundreds of workers and suspend its share buyback program to preserve cash.
* Starwood Hotels & Resorts Worldwide Inc said it plans to cut an unspecified number of jobs to offset slowing travel demand.
* United Parcel Service Inc sees layoffs in 2009 as customers need less shipping due to cutbacks on holiday gift purchases.
* Computer systems vendor Agilysys Inc cut three senior management positions and is consolidating headquarters in Ohio.
* Merck & Co Inc announced plans on Wednesday to cut 12 percent of its workforce, citing a need to change its business model in order to survive.
* Fidelity National Financial Inc, which controls one of the largest U.S. title insurers, announced 1,000 job cuts, office closings, a 10 percent pay cut and a 50 percent dividend cut
* Biotechnology company Maxygen Inc plans to cut nearly 30 percent of its workforce and explore strategic options due to the current financial environment
* Popular Inc, parent of Banco Popular, is cutting 600 positions and more than a quarter of its branches in the United States.
& 2:52 pm
Monday, October 20, 2008
Yum's Long John Silver's to roll out healthy menu
http://www.reuters.com/article/ousiv/idUSTRE49J0E820081020 - Reuters.com
Reporting by Lisa Baertlein; Editing by Bernard Orr
LOS ANGELES (Reuters) - Yum Brands Inc's Long John Silver's on Sunday said it would roll out its first non-fried fish menu items later this month as the restaurant industry responds to consumer calls for healthier food.
The new menu, called Freshside Grille, is lower in fat and calories than the quick-serve seafood chain's standard fare. Entrees and side dishes will include grilled Pacific salmon, shrimp scampi, mixed vegetables and seasoned rice.
Louisville, Kentucky-based Long John Silver's will begin introducing the new menu in late October at its U.S. restaurants.
& 1:29 pm