- SAB.LAssociated Press•5 hours ago
The world's largest brewer, AB Inbev, expects to cut about 3 percent of its total workforce — equivalent to thousands of jobs — once it completes its huge takeover of its closest rival, SABMiller. The company headquartered in Leuven, Belgium, has about 150,000 workers while the London-based SABMiller claims to have around 70,000. It expects losses at SABMiller's current headquarters, as the new company will be based in Leuven and New York.
- ACEFox Business•yesterday
Sears Holdings (NASDAQ:SHLD), which booked another loss in the second quarter, has received interest from a variety of companies eyeing the floundering retailer’s familiar appliance, tool and auto brands. The Illinois-based company has grappled with challenges at Sears and Kmart, two chains that struggling to turn things around in a tough environment for retailers. Sears is facing some broader issues.
- financeCNBC•4 hours ago
The hedge fund billionaire tells CNBC the past 12 months were the "worst period of performance" of his career, and the implosion of Valeant was mostly to blame.