Alden Global to Buy Tribune Publishing
Hedge fund Alden Global Capital will acquire the rest of what it does not already own of Tribune Publishing, owner of the Chicago Tribune, the New York Daily News and other local newspapers, in a […]
Best Buy Layoffs
Best Buy Co. notified workers this week that it was cutting some jobs at its big box stores, according to people familiar with the situation, as the retailer adapts to a world where more shopping […]
Jobs Friday – Is Gold in Trouble?
For the last few days Gold has struggled trying to hold support. This morning about 3:00 am EST Gold fell hard about 20.00. Although we remain long there are now causes for concern as the […]
Boeing Gets a Boost
Irish low-cost carrier Ryanair’s firm order for 75 additional 737 MAX airplanes on Thursday provided a much-needed boost for Boeing as it struggles to revive its fortunes after the MAX crash tragedies and the global […]
Exxon Continues to Struggle
Exxon Mobil Corp. is retreating from a plan to increase spending to boost its oil and gas production by 2025 and preparing to slash the book value of its assets by up to $20 billion, […]
ESPN to Cut 500 Jobs
Walt Disney Co.’s ESPN is reducing its workforce by about 10% through a combination of layoffs and attrition of employees, including remote workers, according to a person familiar with the matter. The cuts come as […]
Walgreens to Cut Jobs, Suspend Buybacks
Walgreens Boots Alliance Inc. said it plans to cut about 4,000 jobs in the U.K. and suspend stock buybacks as demand fell off in its international business during the drugstore chain’s latest quarter. The pharmacy […]
Rough Quarter for Car Sales
Most automakers have shifted to a quarterly release of U.S. new-vehicle sales data, but if they were hoping to limit the number of bad headlines during the Covid-19 crisis, perhaps a biannual or even biennial […]
Macy’s to Cut 3,900 Jobs
Macy’s is eliminating about a quarter of its corporate workforce, slashing 3,900 white-collar jobs in a sweeping effort to cut costs during the coronavirus pandemic. The layoffs announced Thursday come just months after the beleaguered […]
Boeing’s Massive Layoff Plan
Boeing told employees Wednesday that almost 7,000 of them will receive layoff notices this week. With more than 5,500 voluntary buyouts added in, the company will slash almost 12,300 U.S. jobs in this first batch […]