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GE expands job cuts at Lufkin oil unit to 575 from 330: Bloomberg
2015-03-26 02:07:16| Oil & Gas - Topix.net
General Electric Co increased planned job cuts in its Lufkin oilfield equipment unit to 575, as it grapples with pressure on the unit from the drop in oil prices, Bloomberg reported. The move follows GE's notification to regulators in January of the planned layoffs of 330 people at its beam-pumping manufacturing facility in Lufkin, Texas.
Tiffany Reports A Mixed Q4, Management Cuts On Future Guidance
2015-03-24 20:17:21| Jewelry - Topix.net
Tiffany & Co. revealed its fourth quarter earnings for fiscal 2014, with a 4% slump in same-store sales being a major factor of concern for investors.
Tags: management
future
reports
mixed
Woodside Petroleum cuts 300 jobs and freezes pay
2015-03-24 03:30:14| Energy - Topix.net
Woodside Petroleum is cutting 300 jobs and freezing pay as the energy giant slashes expenditure following a plunge in the oil price. It said some roles would change as a halving in the oil price over the past year had put pressure on its bottom line and prompted it to accelerate efficiency plans.
Kansas City Southern Cuts 2015 Outlook
2015-03-23 14:18:45| Railroads - Topix.net
Kansas City Southern on Monday cut its full-year revenue outlook and gave weak guidance for its current quarter, citing sluggishness among energy customers. The railroad operator said it now expects to post low single-digit revenue growth in 2015, compared with its previous call for mid single-digit growth.
Tags: city
southern
kansas
outlook
Airgas cuts outlook again as manufacturing weighs
2015-03-20 15:53:35| Chemicals - Topix.net
Airgas, which supplies canisters of oxygen, argon and other gases to various industries, has seen its results weighed by sluggish economic growth. The company now expects per-share earnings between $1.13 and $1.16, down from its previous range of $1.25 to $1.30.
Tags: manufacturing
outlook
cuts
weighs
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