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Nokia Co. (NOK) Cut to Hold at Zacks Investment Research

2016-02-19 04:16:00| Telecom - Topix.net

According to Zacks, "Nokia delivered mixed results in the fourth quarter of 2015 reporting higher than expected earnings while revenues lagged expectations. The company officially took control of Alcatel-Lucent in Jan 2016.

Tags: research hold cut investment

 

Manitoba Telecom Services Inc (MBT) Cut to Hold at Desjardins

2016-02-19 00:39:27| IT Services - Topix.net

Manitoba Telecom Services traded up 1.16% during mid-day trading on Tuesday, reaching $32.32. The company's stock had a trading volume of 477,314 shares.

Tags: services hold cut telecom

 
 

Railroads Close Tracks, Cut Jobs Across the Country as Coal Cools Off

2016-02-19 00:36:11| Railroads - Topix.net

Working in or around Conway Terminal, the sprawling testament to the might of the U.S. freight railroad system, it might be easy to forget the storm of troubles brewing at Norfolk Southern Corp. The Virginia-based rail carrier has long experienced the booms and busts of products and commodities in the broader U.S. economy, and so have its workers at Conway Terminal, one of the largest rail yards in the country that hugs the Ohio River in Beaver County. But the recent and historic decline of coal - long the most important commodity hauled through Pennsylvania - has represented a significant hit for the financially ailing Norfolk Southern, which owns Conway and all the traffic that moves through it.

Tags: off close country jobs

 

Saudi Arabia 'not prepared' to cut oil production - AFP

2016-02-18 20:38:21| IT Services - Topix.net

Saudi Arabia is "not prepared" to cut oil production, Agence France-Presse reported, quoting the Saudi foreign minister Adel al-Jubeir. "If other producers want to limit or agree to a freeze in terms of additional production that may have an impact on the market but Saudi Arabia is not prepared to cut production," al-Jubeir told AFP in an interview.

Tags: production cut prepared oil

 

Finning to cut up to 500 additional jobs in 2016, on top of 2015 downsizing

2016-02-18 20:05:45| Industrial Machines - Topix.net

Canada's largest Caterpillar heavy equipment dealer says it will cut 400 to 500 jobs from its global operations this year, on top of 1,900 that were announced last year in two separate rounds of downsizing. Vancouver-based Finning International Inc. - which also operates in South America and the United Kingdom - says about 200 of the latest cuts are in Canada and the rest will be spread across its international operations.

Tags: top additional jobs cut

 

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