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Jim Cramer Answers Your Questions - Caterpillar Job Cuts 'Chilling'
2015-09-24 19:47:49| Paper - Topix.net
Jim Cramer answered viewers' Twitter questions from the floor of the New York Stock Exchange and addressed Caterpillar's announcement that it has lowered its revenue outlook and plans to cut 10,000 jobs. 'These numbers were chilling,' said Cramer.
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Caterpillar plans thousands of job cuts
2015-09-24 16:39:36| BBC News | Business | UK Edition
Equipment maker Caterpillar says it could cut its workforce by more than 10,000 by 2018 as sales fall in its key mining and energy sectors.
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H.B. Fuller cuts year's financial projections
2015-09-24 01:33:58| Chemicals - Topix.net
H.B. Fuller Co. cut its financial projections for the year on continued sales softness but projects results to improve next year.
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Gartner cuts forecast for global device shipments in 2015
2015-09-23 14:05:00| Telecompaper Headlines
(Telecompaper) Gartner has lowered its forecast for worldwide device shipments this year, to a fall of 1 percent from estimated 1.5 percent in its previous forecast issued last quarter. The forecast covers combined shipments of PCs, tablets and mobile phones. The downgrade is a result of a slower replacement cycle for all devices, the market researcher said: "Users are extending the lifetime of their devices, or deciding not to replace their devices at all." Only mobile phone shipments are now expected to grow this year, by 1.4 percent. This is led by a 14 percent increase in smartphone shipments, which are growing fastest in emerging markets in Asia, such as India and Indonesia. The global PC market is expected to contract 7.3 percent this year to 291 million units and remain flat in 2016, hurt by the increase in prices due to currency fluctuations, which will slow business spending. The 'ultramobile' segment, which includes tablets and clamshell computers, is also on pace to contract in 2015, by 12 percent to an estimated 199 million units. Tablets will make up 192 million units, down 13 percent from 2014. Gartner said many tablet users are deciding not to replace their tablets. Its user survey conducted in June across six countries found that 44 percent of current tablet users are planning to substitute their tablets with a different device.
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General Mills Profit Tops Estimates, Helped by Cost Cuts
2015-09-23 02:06:21| Agriculture - Topix.net
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. General Mills Inc., the maker of Cheerios cereal, posted first-quarter profit that beat analysts' estimates, helped by cost cuts and a more effective promotional strategy.
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