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Daimler Cutting 1,500 Truck Jobs in Brazil as Demand Plunges
2015-08-24 17:14:17| Auto Dealers - Topix.net
Daimler AG is eliminating 1,500 jobs at its Brazilian truck-making division as demand for commercial vehicles in the country shows no sign of recovery. Cutting about 13% of its workforce in Brazil became inevitable after industrywide truck sales in South America's largest economy plunged 44% in the first half of 2015, compounding a drop last year, said Florian Martens, a spokesman at Stuttgart, Germany-based Daimler.
Tags: jobs
brazil
demand
cutting
Daimler Cutting 1,500 Truck Jobs in Brazil as Demand Plunges
2015-08-24 17:07:35| Automakers - Topix.net
Daimler AG is eliminating 1,500 jobs at its Brazilian truck-making division as demand for commercial vehicles in the country shows no sign of recovery. Cutting about 13% of its workforce in Brazil became inevitable after industrywide truck sales in South America's largest economy plunged 44% in the first half of 2015, compounding a drop last year, said Florian Martens, a spokesman at Stuttgart, Germany-based Daimler.
Tags: jobs
brazil
demand
cutting
China Southern Airlines Plunges Most in 14 Years on Yuan Decline
2015-08-11 09:34:51| Airlines - Topix.net
China Southern Airlines Co. led a tumble by the nation's carriers on concern a weaker yuan will increase the size of their dollar-denominated debt and hurt earnings.
Yelp Plunges 28% on 7 Downgrades; Unable to Retain Salespeople
2015-07-30 13:57:32| Apparel - Topix.net
Shares of local listings and reviews purveyor Yelp are down $9.27, or almost 28%, at $24.24, adding to last night's after-hours losses , after the company missed Q2 profit expectations by a penny per share, and forecast this quarter's results, and the full year, below consensus. The company told analysts the two proximate causes of its weak outlook were the phasing out of its display ad business, and also lower-than-expected hiring in its sales team .
Tags: to
unable
retain
downgrades
Baidu Plunges on Lowered Forecast, Micron Soars on New Chip
2015-07-29 07:34:41| Electronics - Topix.net
Micron Technology surges after an earnings beat and increased stock buyback announcement. Baidu tanked 15% to close at $168.03, on a day when the broader markets advanced.
Tags: chip
forecast
lowered
micron
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