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As oil plunges, energy companies cut jobs, postpone projects
2016-01-12 22:10:33| Energy - Topix.net
The world's biggest oil companies are slashing jobs and backing off major investments as the price of crude falls to new lows - and there may be more pain to come. Companies like BP, which said Tuesday it is cutting 4,000 jobs, are slimming down to cope with the slump in oil, whose price has plummeted to its lowest level in 12 years and is not expected to recover significantly for months, possibly years.
Tags: jobs
companies
energy
cut
Flowserve Corp (FLS) Price Target Cut to $42.00
2016-01-12 18:09:44| Industrial Machines - Topix.net
DA Davidson's target price suggests a potential upside of 11.05% from the stock's current price. Several other research firms also recently issued reports on FLS.
C&C Group to cut 180 jobs as competition bites
2016-01-12 16:44:00| Daily beverage news and comment - from just-drinks.com
C&C Group is to close cider packaging and production facilities in England and Ireland, with the net loss of 180 jobs.
Tags: group
jobs
cut
competition
AK Steel Holding Co. (AKS) Price Target Cut to $2.00
2016-01-12 13:00:34| Steel - Topix.net
The firm presently has an "equal weight" rating on the stock. Barclays' price target points to a potential downside of 2.91% from the company's previous close.
Kimberly Clark Corp (KMB) Stake Cut by First National Bank of Mount Dora
2016-01-11 23:24:29| Paper - Topix.net
First National Bank of Mount Dora cut its position in Kimberly Clark Corp by 0.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,089 shares of the company's stock after selling 75 shares during the period.
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