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Tiffany cuts jobs as sales lose sparkle
2016-01-19 16:15:48| Jewelry - Topix.net
Upscale jeweler Tiffany & Co reported a sharp decline in holiday season sales and cut jobs as it struggles with weak spending by tourists in its showpiece stores in the United States. The company's traditional reluctance to offer promotions has been turning away thrifty customers and a stronger dollar has made purchases more expensive for tourists.
Tiffany Announces Job Cuts as Sales Lose Luster
2016-01-19 16:15:47| Jewelry - Topix.net
Tiffany & Co. reported Tuesday global holiday-period sales fell 6% from a year ago to $961 million, hurt by weak tourist spending in a number of markets and a strong U.S. dollar.
J&J cuts medical device division workforce by 4 to 6 pct
2016-01-19 16:13:52| Food - Topix.net
Johnson & Johnson said it would reduce its medical device division's global workforce by 4 to 6 percent over the next two years as part of a restructuring within the division.
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Connacher further cuts oilsands output; February-March will be 70-80% below Q4
2016-01-19 14:13:45| Automakers - Topix.net
Connacher Oil and Gas Ltd. is responding to low commodity prices by slashing its Great Divide oilsands output, which will fall by 70 to 80 per cent compared with fourth-quarter levels. The Calgary-based company says output from Great Divide in February and March will be in a range of 3,000 to 4,000 barrels per day - down from 13.900 bpd in the fourth quarter.
Connacher further cuts oilsands output; February-March will be 70-80% below Q4
2016-01-19 14:03:58| Industrial Machines - Topix.net
Connacher Oil and Gas Ltd. is responding to low commodity prices by slashing its Great Divide oilsands output, which will fall by 70 to 80 per cent compared with fourth-quarter levels. The Calgary-based company says output from Great Divide in February and March will be in a range of 3,000 to 4,000 barrels per day - down from 13.900 bpd in the fourth quarter.
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