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Oil's Slump: Boon Or Bust For Refiners?
2016-01-20 09:23:55| Oil & Gas - Topix.net
The slump in oil prices has been a boon for independent refiners like Valero Energy Corp. . Up 'til now, that is.
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.
BP to axe 4,000 jobs from global operations due to oil prices slump
2016-01-13 01:00:00| Offshore Technology
BP has announced plans to cut 4,000 jobs worldwide, with most of the positions being at its North Sea operations.
Aeropostale Cutting Jobs as Teen Retailer's Sales Slump
2016-01-13 00:07:59| Apparel - Topix.net
The New York company said Tuesday it expects to cut expenses by $35 million to $40 million a year starting in fiscal 2016 and will slash its corporate staff by 13 percent, or 100 jobs, by the end of January. CEO Julian Geiger is also giving back 1 million stock options so Aeropostale can give them to other employees in an effort to keep them with the company.
US end mostly higher, but energy sector hit by slump in oil
2016-01-12 01:38:56| Oil & Gas - Topix.net
The U.S. stock market mounted a last-minute comeback to close slightly higher on Monday, snapping a three-day losing streak. The Standard & Poor's 500 index and the Dow Jones industrial average each eked out a tiny gain, while the Nasdaq composite ended slightly lower.
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