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Illinois companies cutting nearly 1,900 jobs

2015-12-10 01:21:48| Agriculture - Topix.net

Online travel agency Orbitz Worldwide is headquarted in Chicago. The company was acquired by former rival Expedia in September and now is warning of layoffs.

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Electrolux Downsizes Small Appliances Unit, Cuts Jobs

2015-12-09 10:40:11| Appliances - Topix.net

Swedish appliance maker Electrolux AB said Wednesday it will downsize and cut jobs at its Small Appliances business as lower volumes and unfavorable currency movements continue to weigh on the unit. The cuts will be focused mainly in the U.S., Sweden and China as the company targets 120 million Swedish kronor of annual savings by the end of next year, it said.

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Luxury boat builder axes 380 jobs

2015-12-09 09:11:41| BBC News | Business | UK Edition

About 380 jobs go at a luxury boat builder which went into administration on 2 December.

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AOL to cut 100 jobs, mainly in its dial-up business: Techcrunch

2015-12-08 16:01:51| Telecom - Topix.net

Digital media company AOL has laid off around 100 employees, mainly in its dial-up business, as it looks to eliminate overlap with parent Verizon Communications Inc Caroline Campbell, an AOL spokeswoman, confirmed to Reuters that the company was re-aligning and a portion of its workforce has been impacted. The move comes almost seven months after Verizon agreed to buy AOL in a $4.4 billion deal.

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BIO Supports Legislation to follow up on JOBS Act.

2015-12-08 14:31:09| Industrial Newsroom - All News for Today

Brian Hahn, GlycoMimetics, Inc. CFO and BIO Finance & Tax Committee Co-Chair, provided testimony on behalf of BIO before House Subcommittee on Capital Markets and Government Sponsored Enterprises in support of Fostering Innovation Act, which would extend JOBS Act's SOX Section 404(b) exemption. Hahn also provided support for SEC Small Business Advocate Act and Small Business Capital Formation Enhancement Act, which would enhance role of emerging companies in SEC's policymaking process.

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