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Monsanto slashing 2,600 jobs, buying back shares as sales fall
2015-10-07 16:44:32| Chemicals - Topix.net
Monsanto Co, one of the world's largest seed and agrichemical companies, said on Wednesday that it was slashing 2,600 jobs and restructuring operations to cut costs in a slumping commodity market that it expects to squeeze results well into 2016. Monsanto, which also reported a much wider quarterly loss, said that along with the layoffs, its global restructuring would include "streamlining and reprioritising" some commercial and research and development work, including an exit from the sugar cane business.
Fall in China's coal use here to stay, leading expert says
2015-10-07 14:09:00| Climate Ark Climate Change & Global Warming Newsfeed
Age: The historic fall in China's coal use is a clear and consistent trend and should be factored in by business, including in Australia, one of the world's leading experts on Chinese environment policy says. Professor Qi Ye, director of the Brookings-Tsinghua Centre in Beijing, told Fairfax Media the stalling of growth in China's consumption of coal for power reflected the current development strategy of the national government. Observers of China have been striving to interpret an 18-month fall...
Fuel prices fall, but FedEx, UPS boost surcharges
2015-10-07 09:32:40| Trucking - Topix.net
FedEx Corp. is raising its fuel surcharge for the second time this year, jolting e-commerce companies, retailers and other shippers with price increases as they gear up for the make-or-break holiday sales season. The latest increase, which takes effect Nov. 2, is catching customers off guard because the company's fuel costs have been falling.
Fuel prices fall, but FedEx, UPS boost surcharges
2015-10-07 09:17:27| Air Courier - Topix.net
FedEx Corp. is raising its fuel surcharge for the second time this year, jolting e-commerce companies, retailers and other shippers with price increases as they gear up for the make-or-break holiday sales season. The latest increase, which takes effect Nov. 2, is catching customers off guard because the company's fuel costs have been falling.
Tesco sees new fall in profits
2015-10-07 08:32:26| BBC News | Business | UK Edition
Troubled supermarket Tesco has announced a further big fall in profits as it struggles to turn its business around.
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