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Husky Energy cuts spending, scraps quarterly dividend amid oil rout
2016-01-20 01:13:00| Oil & Gas - Topix.net
Husky Energy is cutting $800 million from its capital spending plans for this year and suspending its dividend as it copes with the deep rout in crude prices. Husky's capital budget for 2016 is now pegged at between $2.1 billion and $2.3 billion, down from a previous range of $2.9 billion to $3.1 billion.
Tags: energy
oil
spending
quarterly
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.
Effort to curb overuse of antibiotics amid cold, flu seasons
2016-01-19 02:56:45| Biotech - Topix.net
In this Oct. 8, 2013, file photo, a sign marks the entrance to the federal Centers for Disease Control and Prevention in Atlanta. Guidelines released Monday, Jan. 18, 2016, from CDC and the American College of Physicians, move beyond simple statements that antibiotics don't work for viruses like the common cold or the flu.
Amid craft beer shuffle, Alaskan vows to stay put
2016-01-18 07:24:02| Beverages - Topix.net
In an interview Thursday, brewery founders Geoff and Marcy Larson said their plan is for the brewery to resemble another Juneau institution, the Annex Creek hydroelectric plant, which turns 100 years old next month. At the start of another Alaska Beer Week, restating that goal isn't PR puffery.
Statoil and partners to reduce Johan Sverdrup field development costs amid low oil prices
2016-01-18 01:00:00| Offshore Technology
Statoil and partners have announced plans to reduce development costs of the Johan Sverdrup oilfield in North Sea, Norway, by more than 10% due to a decline in oil prices.
Tags: low
development
field
prices
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