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Toyota reports improved quarterly profit despite incentives

Toyota Motor Corp. is reporting its quarterly profit rose 21 percent as cost cuts and booming sales in some markets offset the damage from higher U.S. incentives......»»

Category: topSource: foxnewsMay 9th, 2018

Putnam"s parent hungers to gobble up other asset managers

Putnam has struggled to consistently turn a profit, despite laying off 8 percent of its workforce in a cost-saving measure in late 2016......»»

Category: topSource: bizjournalsMay 8th, 2018

ConocoPhillips profit tops estimates on rising oil prices, cost cuts

HOUSTON (Reuters) - ConocoPhillips , the world's largest independent oil and gas exploration and production company, posted a bigger-than-expected first-quarter profit on Thursday, helped by rising crude prices and cost cuts......»»

Category: topSource: reutersApr 26th, 2018

ConocoPhillips profit beats expectations on rising oil prices, cost cuts

The company's stock has also risen as it has prioritized shareholder returns over production increases, an approach increasingly favored by Wall Street......»»

Category: topSource: foxnewsApr 26th, 2018

ConocoPhillips quarterly profit jumps 52 percent

HOUSTON (Reuters) - U.S. oil producer ConocoPhillips said on Thursday its first-quarter profit jumped 52 percent due to rising crude prices and cost cuts......»»

Category: topSource: reutersApr 26th, 2018

CSX railroad"s first-quarter profit jumps to $695 million

CSX's first-quarter profit nearly doubled thanks to further cost cuts at the railroad and a restructuring that weighed on its earnings a year ago......»»

Category: topSource: foxnewsApr 17th, 2018

JCPenney is selling its three private jets to cut costs after its CEO flees

YouTube/JCPenney JCPenney is selling three of its private jets.  Penney's estimated that these jets cost the business between $5 million to $10 million a year. It expects to receive around $20 million from their sale. JCPenney is reining.....»»

Category: topSource: businessinsiderJun 15th, 2018

Broadcom says it"s laid off 1,110 workers since Brocade merger

Broadcom Inc. said Thursday it has laid off about 1,100 workers as part of cost-cutting following its $5.5 billion acquisition of Brocade Communication Systems, and more cuts may come. I.....»»

Category: topSource: marketwatchJun 14th, 2018

U.S. oil firms look beyond shale

U.S. oil producers are using skills gained from the shale revolution to reboot older oilfields comprised of different types of rock, betting that cheaper land and low-cost drilling technology can deliver even more production and profit......»»

Category: videoSource: reutersJun 14th, 2018

Rolls-Royce cuts 4,600 jobs, mainly in UK

British engineering company Rolls-Royce plans to cut thousands of jobs as part of big cost-saving measures......»»

Category: topSource: moneycentralJun 14th, 2018

Linde-Praxair deal gets Brazil antitrust nod

BRASILIA (Reuters) - Brazil's antitrust regulator on Wednesday approved the $80 billion merger of gas group Linde AG and Praxair Inc, as long as the companies go ahead with an undisclosed asset sale plan......»»

Category: topSource: reutersJun 13th, 2018

Citi says Consumer unit may see more than $1.5B in cost cuts

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Category: blogSource: theflyonthewallJun 13th, 2018

Elon Musk, in Search of Profit, Cuts Tesla's Work Force - New York Times

New York TimesElon Musk, in Search of Profit, Cuts Tesla's Work ForceNew York TimesTesla, in the midst of a challenging effort to transform itself from a niche producer of electric vehicles to a mainstream automaker.....»»

Category: topSource: googlenewsJun 12th, 2018

Tesla cuts workforce in search of profit

Tesla is sending out pink slips to 9 percent of the workforce, even as it faces challenges to ramp up the Model 3 production. That news coming from CEO Elon Musk Tuesday who said the electric car company is trying to reduce costs......»»

Category: videoSource: reutersJun 12th, 2018

Oil & Gas Stock Roundup: Devon"s Asset Sale, Exxon"s Brazil Win & More

With the monetization of midstream assets, Devon Energy (DVN) to is set to exceed its divestiture target, while Exxon Mobil (XOM) has decided to bet big on Brazil's offshore blocks. .....»»

Category: dealsSource: nytJun 12th, 2018

Tesla cuts 9 percent of workforce in search for profit

(Reuters) - Tesla Inc is cutting several thousand jobs across the company as it seeks to reduce costs and become sustainably profitable without endangering the critical ramp up of production of its Model 3 sedan......»»

Category: topSource: reutersJun 12th, 2018

Tesla Cuts 9% Of "Salaried Workforce": "Profit Is Obviously Not What Motivates Us"

After being panic bid for the last few days, TSLA shares are rolling over (but still up) after announcing a 9% across-the-company cut of the .....»»

Category: blogSource: zerohedgeJun 12th, 2018

HomeStreet Cost Cuts Should Result In Higher 2019 Earnings, Analyst Says In Upgrade

A tough mortgage banking environment will likely lead to cost savings initiatives from HomeStreet Inc (NASDAQ: HMST), which should result in an improved 2019 earnings outlook, according to B. Riley FBR. Latest Ratings for HMST DateFirmActi.....»»

Category: blogSource: benzingaJun 11th, 2018

These retirement cuts threaten millions of workers

Find out how the White House is looking to make major benefit cuts......»»

Category: topSource: moneycentralJun 11th, 2018

Express Scripts building is up for sale

The pharmacy benefit management company, whose $67 billion sale to Connecticut-based Cigna is under review by regulatory authorities, recently signed a five-year lease......»»

Category: topSource: bizjournalsJun 9th, 2018