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Tag: cuts
GM cuts capacity, jobs in Indonesia, where Japanese dominate
2015-02-27 02:45:47| Automakers - Topix.net
General Motors is to stop making cars in Indonesia, a battleground for global automakers in emerging Southeast Asia, closing an assembly plant, axing some 500 jobs and shifting its branding focus to SUVs. The U.S. auto giant, which was the first to set up a car assembly plant in Southeast Asia's biggest economy eight decades ago, is effectively calling time on its attempt to wrestle market share from dominant Japanese rivals, led by Toyota Motor Corp. GM Executive Vice President Stefan Jacoby, who oversees markets beyond the Americas, Europe and China, acknowledges GM got it wrong in going head-to-head with the Japanese in a market he dubs their "backyard."
Tags: jobs
japanese
capacity
indonesia
NJ Transit considering fare hike, service cuts
2015-02-26 12:11:21| Railroads - Topix.net
NJ Transit considering fare hike, service cuts Commuters beware: New Jersey Transit is considering a fare increase this year, according to Gov. Chris Christie's budget. Check out this story on mycentraljersey.com: http://on.app.com/1EQUx1i A New Jersey Transit train pulls into the Red Bank station.
Tags: service
fare
cuts
transit
Outage cuts Internet, phone service across northern Arizona
2015-02-26 04:23:20| Telecom - Topix.net
People across northern Arizona couldn't use the Internet, their cellphones or landlines for several hours Wednesday after someone vandalized a fiber-optic line that brings communications to a large part of the state, officials said. Businesses couldn't process credit card transactions, ATMs didn't function, law enforcement databases were unavailable, and even weather reports were affected in an area stretching from north of Phoenix to Flagstaff, about 100 miles away.
Tags: service
internet
phone
northern
ADM cuts biodiesel output as industry hit by weak margins
2015-02-25 21:53:41| Agriculture - Topix.net
Archer Daniels Midland , one of the world's top biofuels producers, has slowed North American biodiesel output, the latest sign the industry is battling uncertainty over U.S. renewable fuel policy while the oil rout curbs demand. The Chicago-based agri business has "temporarily" shifted production at its Velva, North Dakota, oilseeds processing facility from biodiesel to other products and cut production at its other North American facilities, ADM spokeswoman Jackie Anderson said in an emailed statement.
Tags: industry
hit
output
weak
Chesapeake Energy Cuts Rig Operations
2015-02-25 16:14:13| Energy - Topix.net
Chesapeake Energy Corp. said that it will reduce its rig operations to the lowest level since 2004 after reporting weaker-than-expected earnings Wednesday. Chesapeake is the latest energy company to cut back in light of falling gas prices.
Tags: energy
operations
cuts
chesapeake
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