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Oil Majors' $60 Billion Cuts Don't Go Far Enough as Crude Slides
2015-08-14 07:21:12| Oil & Gas - Topix.net
The $60 billion of oil-industry spending cuts this year aren't likely to be enough to meet sacrosanct dividend commitments as crude languishes near a six-year low. The world's biggest producers will need to trim investments by a further $26 billion, according to Jefferies Group LLC. Capital spending will have to fall 10 percent next year, Banco Santander SA says.
Kraft Heinz announces 2,500 job cuts in US and Canada
2015-08-14 01:00:00| Food Processing Technology
The newly formed Kraft Heinz company has announced 2,500 job cuts in the US and Canada as part of efforts to lower costs.
U.S. senator asks Kraft Heinz to reconsider job cuts
2015-08-13 23:24:20| Food - Topix.net
U.S. Sen. Dick Durbin has sent a letter to Kraft Heinz Co. CEO Bernardo Hees asking the company to reconsider eliminating 700 jobs in Illinois.
Union Pacific Cuts 'Hundreds' of Jobs As Railroad Coal Shipments Plunge
2015-08-13 20:13:22| Railroads - Topix.net
The Omaha company reported late last month that coal volume dropped 26 percent in its most recent quarter and said it believed that demand for coal would remain weak for the rest of the year. Union Pacific spokesman Aaron Hunt said Thursday that the cutbacks were job eliminations, not just temporary layoffs.
Tags: jobs
union
pacific
hundreds
US cuts cotton output and ending stock forecasts
2015-08-13 13:08:00| Daily apparel & textile news and comment - from just-style.com
Estimates for US cotton output and ending stocks in 2015/16 have been significantly reduced, due in part to lower average yields and planted area as well as higher abandonment.
Tags: stock
output
ending
cotton
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