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Joe Fresh cuts ties with J.C. Penney
2015-05-08 00:40:46| Grocery - Topix.net
Loblaw Companies Ltd. said Thursday it's pulling its Joe Fresh line from J.C. Penney department stores in the United States next year. Instead, it's switching its focus to its standalone stores, e-commerce and to expanding overseas, says Kevin Groh, the company's vice-president of corporate affairs.
Manitoba Telecom Services cuts Allstream workforce by 25%
2015-05-07 14:40:07| Wireless - Topix.net
Manitoba Telecom Services Inc. says it's reducing the workforce at its Allstream national division by 25 per cent. The Winnipeg-based company says 100 employees have already left and a further 400 have been notified they'll be leaving the business in 2015 or 2016.
Tags: services
telecom
cuts
workforce
Siemens cuts another 4,500 jobs as oil decline burdens profit
2015-05-07 08:48:09| Industrial Machines - Topix.net
Siemens, Europe's largest engineering company, will cut another 4,500 jobs after second-quarter profit fell more than estimated by analysts, burdened by the declining oil price. Profit from so-called industrial operations fell 4.9 per cent to 1.66 billion euros, the Munich-based company said in a statement.
Ohana by Hawaiian ad seeks pilots and mechanics in wake of Island Air cuts
2015-05-07 04:28:28| Airlines - Topix.net
An Ohana by Hawaiian ATR 42 turboprop aircraft is seen at Honolulu International Airport in this file photo. The interisland airline, a subsidiary of Hawaiian Airlines parent Hawaiian Holdings Inc., is looking to hire pilots and mechanics in the wake of interisland rival Island Air's announcement that it is cutting its workforce by 20 percent.
Keurig cuts 2015 forecast amid slower sales
2015-05-07 00:58:54| Beverages - Topix.net
Keurig Green Mountain Inc cut its full-year sales and profit forecasts as the company struggles to convince consumers to take up its new Keurig 2.0 brewing system, sending its shares sharply lower in extended trading. Sales of Keurig's brewers have slowed in the past two quarters due to high prices of the 2.0 brewing system, poor initial reviews and confusion over whether the new machine could still brew certain brands.
Tags: sales
cuts
forecast
slower
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