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Keurig Misses In Q2, Cuts Views As 2.0 Brewer Slumps
2015-05-07 00:58:52| Beverages - Topix.net
Earnings fell 5% to $1.03 a share, missing views by 2 cents. Revenue increased 2% to $1.127 billion, below the consensus of $1.152 billion.
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Keurig cuts 2015 forecast amid slower sales
2015-05-07 00:27:08| Food - 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
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Dow Plans Workforce Cuts
2015-05-06 05:22:00| Chemical Processing
The Dow Chemical Company is set to cut three percent of its global workforce.
Tags: plans
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RBA cuts rates to historic low
2015-05-05 06:53:45| BBC News | Business | UK Edition
The Reserve Bank of Australia (RBA) cuts its key interest rate by 25 basis points to an all-time low of 2%.
Will Dow Chemical (DOW) Stock React to Job Cuts?
2015-05-04 19:18:04| Chemicals - Topix.net
Dow CFO Howard Ungerleider said, "Our productivity efforts continue to center on cost-out actions and doing more with the resources we have in place, all to enable higher earnings." The company added that once the job cuts are fully implemented, it expects an annual operating cost savings of about $300 million.
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