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Credit Suisse announces 4,000 job cuts
2016-02-04 09:48:55| BBC News | Business | UK Edition
Credit Suisse reports its first annual loss since 2008 and announces that it is going to cut 4,000 jobs.
Advisory Services Network LLC Cuts Stake in Eli Lilly and Co
2016-02-04 03:46:51| Agriculture - Topix.net
Advisory Services Network LLC cut its position in Eli Lilly and Co by 10.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,645 shares of the company's stock after selling 1,349 shares during the period.
Dow Corning cuts breast-implant liability, helping Dow's bottom line
2016-02-03 23:40:18| Chemicals - Topix.net
In the fourth quarter of 2015, joint ventures cost The Dow Chemical Co. about $36 million in losses, but Dow Corning Corp. was a bright spot after it further cut the amount of money it had earmarked for breast-implant liabilities.
Tags: line
bottom
helping
liability
Lenovo profits improve on cost cuts, mobile breaks even
2016-02-03 09:20:00| Telecompaper Headlines
(Telecompaper) Lenovo reported improved profits in its fiscal third quarter to December following cost cuts, while revenues were still lower on the weak PC market. Revenues fell 8 percent year-on-year to USD 12.91 billion and were down 3 percent after excluding exchange rate effects. Revenue from the PC business dropped 12 percent year-on-year to USD 8.03 billion, and mobile revenues were down 4 percent to USD 3.25 billion, while the enterprise business grew by 8 percent to USD 1.31 billion. The gross margin dipped to 14.6 percent from 14.9 a year ago. Operating profit still rose to USD 379 million from USD 325 million a year earlier, helped by the restructuring, and net profit increased to USD 300 million from USD 253 million. Lenovo said it was on track with its cost-cutting plans and expects to realise total savings of USD 650 million in the second half of this fiscal year and about USD 1.35 billion on an annual basis.
Tags: mobile
cost
improve
breaks
Yahoo cuts 1,650 jobs, plans asset sales
2016-02-03 01:00:00| Total Telecom industry news
Internet company announces another new turnaround plan as Q4 results show hefty net loss on multi-billion-dollar writedowns.
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