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J&J to Cut 3,000 Jobs Amid Medical-Device Sales Slump
2016-01-19 22:39:41| Food - Topix.net
Johnson & Johnson plans to cut about 3,000 jobs, or 2.5 percent of its total workforce, from its medical devices business in a move that could set up the world's largest maker of health-care products to rebuild the unit through acquisitions. The company will reduce 4 to 6 percent of positions at the medical-device business over the next two years, leading to pretax restructuring costs of $2 billion to $2.4 billion.
Fuel subsidy cut, austerity to boost real estate market in Oman, says survey
2016-01-19 21:18:17| Real Estate - Topix.net
According to the international real-estate consultancy Cluttons, measures set in place by Oman's government, such as plans to remove fuel and utility subsidies, could also lead to a rise in the number of private public partnerships by enticing additional foreign investment into the Sultanate. Photo-Files According to the international real-estate consultancy Cluttons, measures set in place by Oman's government, such as plans to remove fuel and utility subsidies, could also lead to a rise in the number of private public partnerships by enticing additional foreign investment into the Sultanate.
Lackluster holiday sales prompt Tiffany to cut outlook, staff
2016-01-19 20:25:16| Jewelry - Topix.net
Tiffany & Co. says weak tourist spending and a strong dollar hurt its sales results for the two-month holiday period.
Johnson & Johnson to cut about 3,000 jobs in medical devices
2016-01-19 18:28:30| Biotech - Topix.net
Johnson & Johnson said Tuesday that it plans to cut about 3,000 jobs over the next two years as the health care conglomerate works to restructure its medical devices business. The New Brunswick, New Jersey, company said that amounts to more than 2 percent of its global workforce of around 127,000 people and 4 percent to 6 percent of its employee total in medical devices.
Tags: jobs
medical
cut
devices
International Paper Co (IP) Price Target Cut to $50.00
2016-01-19 17:30:34| Paper - Topix.net
Credit Suisse's price objective suggests a potential upside of 37.29% from the stock's previous close. A number of other research analysts have also issued reports on the company.
Tags: to
price
international
paper
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