January 13, 2017 10:31 am
According to a person with knowledge of the matter, cited by CNBC, Lowe’s Companies Inc is expected to reduce its workforce by “less than 1 percent” in the near future. The media also reported that the home improvement chain was to introduce changes to its store staffing model and to rearrange the roles and responsibilities […]
Read moreJanuary 13, 2017 8:33 am
A report by Delta Air Lines Inc, released on January 12th, revealed a 37% slump in the companys fourth-quarter net income to $622 million compared to the same quarter a year ago. Additionally, the carriers passenger unit revenue shrank 2.7% during the same period, due to a higher number of seats available for purchase on […]
Read moreJanuary 12, 2017 10:31 am
According to a statement by the US Commodity Futures Trading Commission (CFTC) from January 11th, JP Morgan Securities LLC, a division of JP Morgan Chase & Co, will have to pay $900 000 in order to settle allegations accusing it of not being able to properly supervise the process of fee charging to clients making […]
Read moreJanuary 12, 2017 8:29 am
According to a person familiar with discussions, at a meeting with Wall Street analysts on January 11th Fiat Chrysler Chief Executive Officer Sergio Marchionne said that the probability for the company to achieve its financial objectives for 2018 was “significantly greater than 50 percent”. Fiat Chrysler shares closed higher for a ninth consecutive session on […]
Read moreJanuary 11, 2017 10:27 am
An internal memo by Boeing Company revealed on Tuesday potential involuntary layoffs of engineers this year, as the aircraft manufacturer encounters fierce competition amid lower jet shipments. The document also featured a number of job categories, which may be affected by voluntary layoffs in the state of Washington, South Carolina and Southern California. However, the […]
Read moreJanuary 11, 2017 8:31 am
Wells Fargo & Company revealed a new long-term compensation plan for branch bankers, which is to include incentives based on customer service rather than sales objectives, according to an internal document provided by Mary Eshet, a spokesperson from the bank holding. The new compensation structure comes at a time, when Wells Fargo is struggling to […]
Read moreJanuary 10, 2017 10:20 am
On January 9th, at the Detroit auto show, Fiat Chryslers Chief Executive Officer Sergio Marchionne said that in case the Trump administration sets quite high tariffs on vehicles manufactured in Mexico and then imported to the United States, the company may discontinue production process at its Mexican plants. Fiat Chrysler shares closed higher for a […]
Read moreJanuary 10, 2017 8:18 am
James Loree, Stanley Black & Decker Inc.s Chief Executive Officer, has informed President-elect Donald Trump about his companys decision to establish a $35 million plant in the United States, an e-mail briefing from the Republican National Committee revealed. According to Sean Spicer, head of communications at the Republican National Committee, such a decision was “another […]
Read moreJanuary 9, 2017 10:37 am
On January 6th Boeing Company announced it delivered 748 aircraft during 2016, while booking orders for 648 jetliners at the amount of $94 billion at list prices. The plane manufacturer had forecast that 2016 deliveries would be within the range of 745-750 jets. Boeing’s delivery total may outstrip that of its European competitor, Airbus. The […]
Read moreJanuary 9, 2017 8:42 am
Employers in all sectors of economy in the United States, excluding the farming industry, were reported to have added 156 000 new jobs in December, a figure which fell short of market expectations (+178 000). This way non-farm employment in the country grew by 2.2 million in 2016, according to a report by the Bureau […]
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