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AMD to cut 710 jobs as headwinds push Q3 revenues down 2%
2014-10-17 10:04:00| Telecompaper Headlines
(Telecompaper) AMD said revenues in the third quarter fell 2 percent from the year before to USD 1.43 billion, with the gross margin coming at 35 percent. The net profit sank to USD 17 million or 0.02 per share, from 48 million and 0.06 per share the year earlier, but up from the loss of 36 million reported in the second quarter. The company said it will cut 7 percent of its workforce (710 jobs) as part of a reorganization plan, with impairment costs going to USD 57 million in the fourth quarter and a restructuring charge of USD 13 million for the first quarter. The plan will result in operational savings of around 9 million in Q34 and USD 85 million next year. For the fourth quarter, AMD expects revenue to decrease 13 percent, plus or minus 3 percent, sequentially. New CEO Lisa Su said results for the company's Enterprise, Embedded and Semi-Custom segment were strong but that performance at Computing and Graphics segment was mixed based on challenging market conditions. She said these conditions were pushing the company and that AMD's top priority is to deliver leadership technologies and products as it continues to transform.
Mattel 3Q: Barbie, American Girl sales down
2014-10-16 15:29:34| Toys - Topix.net
Mattel's got girl problems, and they start with Barbie. Sales of the iconic doll continued to slide in the toymaker's third quarter and a surprising drop in sales of American Girl toys is putting additional pressure on the company as it heads into the crucial holiday season.
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sales
american
girl
Cramer's Lightning Round - Agriculture Stocks Are Not Done Going Down
2014-10-12 15:29:12| Paper - Topix.net
Procter & Gamble , Kimberly-Clark : "I like both PG and KMB. They are both terrific.
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going
round
agriculture
Corn Stocks Up 50% from September 2013; Soybean Stocks Down 35%
2014-09-30 20:29:00| Corn & Soybean Digest
Source: USDA Corn stocks up are up significantly from 2013, and bushels in on-farm storage are up 68% from last year, according to the Sept. 30 Grain Stocks Report from USDA. Soybean stocks, on the other hand, are down about a third from last year, and on-farm stored beans are down nearly 50% from 2013. Content Classification: Curated read more
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september
stocks
corn
Atlanta Symphony president and CEO steps down
2014-09-30 14:42:59| Beverages - Topix.net
The president and CEO of the Atlanta Symphony Orchestra is stepping down, the latest development in an ongoing labor dispute with its musicians. Romanstein said in a statement that he believes his continued leadership would be an "impediment" to reaching a new labor deal.
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president
steps
atlanta
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