I love me good recovery...lol
(Reuters) - Cisco Systems Inc is laying off about 14,000 employees, representing nearly 20 percent of the network equipment maker's global workforce, technology news site CRN reported, citing sources close to the company.
Cisco, which is due to report fourth-quarter results later on Wednesday, is expected to announce the cuts within the next few weeks, the report said.
Another 5,000+ jobs lost to this "hot" economy.
KNOXVILLE, Tenn. — The Maryville-based Ruby Tuesday restaurant chain said Thursday it will close 95 of its underperforming locations by the end of the year in a move to help cut losses.
Hey, it's all good.
What's another 10,000 unemployed?
Wall Street cheered Macy's plan to cut costs by dramatically reshaping its store base. Ludgren and his team expect to shutter a whopping 100 locations that are responsible for a collective $1 billion of net sales. While the company sees physical stores as important to its strategy, it is placing most of its long-term growth bets on internet selling.
FTR has been in the $5 range for the last five years.
Great safe dividend yield.
Growing through acquisitions, hardly the only company to do so.
Now larger and more diversified than ever.
Landline now only 14% of business.
Posted this three weeks ago and no Pollyanna's stepped up to make a case to buy/hold Toll.
Hmm....must be the red hot economy.
If this story is correct, then there will be another 100,000+ people out of work.
Kmart employees believe the company is nearing bankruptcy and is in the process of shutting down all its stores.
The chain has closed one-third of its stores in the last decade, and sales have been cut in half in the same time period.
Store-level employees who spoke to Business Insider said many of the remaining 941 Kmart stores now appear to be in the midst of liquidation.
Stores are being entered into numbered phases — such as Phase 1 and Phase 2 — employees said.
The company has told employees that the phases are part of a "P2P" or "path to profitability" strategy to make stores more profitable.
But employees say it's a liquidation plan, with each phase triggering different cost-cutting measures such as layoffs and labor-hour reductions.
Frontier has been very aggressive in fixing problems and that's probably enough to stop any major erosion in its newly acquired user base. It's not all that easy to switch cable and internet providers so most people will not do so simply because there were some hiccups.
That means that there should not be any major surprises when Frontier reports on August 1.
PPG just announced the sale of their plate glass operations to a Mexican company in favor to their faster growing paint and coatings businesses, ending 100+ years in the glass industry.
Still obsessing over line run off?
With VZ Purchase landline business is only 18% of revenues.
Buy FTR, sit back, and collect one of the highest yields in the market.
Wow....and to think the FTR bashers want us all to believe all others are perfect...lol
There are several components that make up the trust...so yes, from time to time SOME FTR gets sold. I have been consistent on this point, though you make it appear that I don't
The Pittsburgh-based paint and coatings maker announced Monday that it will unload $1.6 billion in pension obligations it owes to about 13,400 current U.S. salaried and non-union hourly retirees by purchasing group annuity contracts from Massachusetts Mutual Life and MetLife.
The $1.6 billion represents about 30 percent of the $5.3 billion in pension obligations PPG had on its books at the end of last year. Spokesman Mark Silvey said about 15,000 participants will remain in the company’s U.S. pensions plans once the transaction is completed, which is ex
2005 Revenues- $5.759 Billion
# Selling Communities= 230
2013 Toll purchases Shapell Industries for $1.6 Billion
2015 Revenues- $4.171 Billion
# Selling Communities= 288
Am I missing something?