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Mitsubishi Motors preparing U.S. plant closure, job cuts: Nikkei

2015-09-19 08:46:58| Automakers - Topix.net

Japan's Mitsubishi Motors Corp has started preparing for the closure of its sole U.S. factory after failing to find a buyer for the high-cost auto plant, the Nikkei business daily reported on Saturday. The company will notify workers at the end of this month, the newspaper reported, without saying where it obtained the information.

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HP Planning 30,000 Job Cuts In Restructuring Move

2015-09-19 07:37:29| IT Services - Topix.net

HP is looking to cut even more of its workforce in conjunction with a Nov. 1 corporate split intended to make the company more agile and efficient. Hewlett Packard plans to slash 25,000 to 30,000 more jobs as part of cost-cutting measures in conjunction with its plan to split into two companies.

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Study: Type 2 diabetes pill Jardiance cuts risk of death

2015-09-17 20:16:48| Biotech - Topix.net

Jardiance sharply reduced chances of dying in diabetic patients at high risk of heart complications, a study shows, making the medication the first shown to lengthen diabetics' lives. The daily pill for Type 2 diabetes reduced deaths from heart complications by 38 percent, deaths from any cause by 32 percent and hospitalizations due to chronic heart failure by 35 percent, according to the study.

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Nomura Cuts Oracle Price Target to $44.00

2015-09-17 18:06:56| IT Services - Topix.net

The firm currently has a "buy" rating on the enterprise software provider's stock. Nomura's target price would suggest a potential upside of 14.97% from the company's previous close.

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Premier Farnell cuts dividend, warns on profit

2015-09-17 11:22:42| Electronics - Topix.net

Electronics supplier Premier Farnell PLC Thursday reported a 16% lower first-half pretax profit, cut the dividend, and warned that full-year earnings will be worse than expected. Premier Farnell, which makes the bare-bones Raspberry Pi computer, said pretax profit fell to GBP30.6 million from GBP36.4 million.

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