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Apple supplier LG Display slashes investment plans as losses mount
South Korea's LG Display Co Ltd , a key Apple supplier, slashed its investment plans by $2.7 billion to 2020 citing concern for the global smartphone market, as it posted a second consecutive quarterly loss......»»
Apple supplier LG Display slashes investment plans as losses mount
South Korea's LG Display slashes its investment plans by $2.7 billion to 2020 on concern for the global smartphone market, becoming the second Apple supplier to scale back its spending plans within recent weeks. Lea Jakobiak reports......»»
Nissan plans $2.8 billion in cuts as part of restructuring plan: Bloomberg
Nissan Motor Co plans to cut $2.8 billion in annual fixed costs as part of its restructuring plan, Bloomberg News reported on Wednesday, as it braces for a drop in sales that could complicate its recovery from years of poor profitability......»»
South Florida timeshare giant prepares to restart sales, reopen resorts
As losses mount, the company plans to offer temporary relief to some mortgage holders......»»
Number of homeowners seeking mortgage aid soars
As the economic shutdown drags on and job losses mount, more borrowers are opting to delay their monthly mortgage payments through mortgage forbearance plans......»»
Mortgage bailout balloons by half a million more loans in one week
As the economic shutdown drags on and job losses mount, more borrowers are opting to delay their monthly mortgage payments through mortgage forbearance plans......»»
Mortgage bailout balloons by half a million more loans in one week
As the economic shutdown drags on and job losses mount, more borrowers are opting to delay their monthly mortgage payments through mortgage forbearance plans......»»
Johns Hopkins University expects $475M in losses, pauses capital projects
Johns Hopkins University was in a strong financial position before the pandemic. Now, it is projecting a revenue loss of $100 million in the current fiscal year and trimming costs that could affect its plans for a new building in D.C. Halfway through fi.....»»
Occidental Petroleum cuts capex plans and costs further, stock extends bounce off 20-year low
Occidental Petroleum Corp. said Wednesday it will cut its capital expenditure plans for 2020 even further, to $2.7 billion to $2.9 billion, following a sharp decline in.....»»
Shell cutting operating costs, capital spending to weather oil price storm
Royal Dutch Shell, which is building a multibillion-dollar petrochemical complex in Beaver County, on Monday announced plans to cut at least $3 billion from its operating costs and drop capital spending by at least $5 billion as it and other oil and .....»»
Renault plans $2.2 billion "no taboos" cost cuts after first loss in a decade
Renault's first loss in a decade triggered a no-taboos commitment to cut costs by 2 billion euros ($2.2 billion) over the next three years from the carmaker on Friday, as it tries to put the Carlos Ghosn affair behind it......»»
Air pollution costs world $8B a day, Greenpeace says
Air pollution from burning fossil fuels is generating economic losses of $8 billion a day, according to a Greenpeace report......»»
Xerox"s quarterly profit beats estimates, says firm on HP buyout
Xerox Holdings Corp on Tuesday posted a better-than-expected quarterly profit as it kept a tight lid on costs and said it plans to follow through with its $33 billion bid to buy rival HP Inc ......»»
Wells Fargo quarterly profit slumps as legal costs mount
Wells Fargo & Co reported a 55% slump in fourth-quarter profit on Tuesday, as the fallout from a sales scandal that erupted in 2016 drove the bank to set aside another $1.5 billion toward legal expenses......»»
WeWork reportedly plans to lay off at least 4,000 people
The company is recovering from major losses after a failed IPO in September and reported a loss of $1.25 billion in the third quarter......»»
WeWork reportedly plans to lay off at least 4,000 people
The company is recovering from major losses after a failed IPO in September and reported a loss of $1.25 billion in the third quarter......»»
WeWork losses widen to $1.25 billion amid record office space expansion
The We Company, owner of WeWork, said on Wednesday net losses in the third quarter more than doubled to $1.25 billion as the money-losing shared-office operator added a record number of desks to its global network but was unable to control rising costs......»»
GM can handle losses from strike if new contract lowers labor costs
The UAW's nationwide strike against GM has cost the company about $1 billion. But GM can withstand the loss because of what it stands to gain......»»
Boeing burns $1 billion in cash as Max grounding costs mount
Boeing burned $1.01 billion in cash during the second quarter, a sign of the strain from a protracted grounding of the 737 Max jetliner following two fatal crashes......»»
Boeing burns $1 billion in cash as Max grounding costs mount
Boeing burned $1.01 billion in cash during the second quarter, a sign of the strain from a protracted grounding of the 737 Max jetliner following two fatal crashes......»»