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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......»»

Category: topSource: reutersJul 25th, 2018

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......»»

Category: videoSource: reutersJul 25th, 2018

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......»»

Category: topSource: reutersMay 13th, 2020

South Florida timeshare giant prepares to restart sales, reopen resorts

As losses mount, the company plans to offer temporary relief to some mortgage holders......»»

Category: topSource: bizjournalsMay 12th, 2020

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......»»

Category: topSource: moneycentralApr 24th, 2020

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......»»

Category: topSource: moneycentralApr 24th, 2020

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......»»

Category: realestateSource: cnbcApr 24th, 2020

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.....»»

Category: topSource: bizjournalsApr 22nd, 2020

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.....»»

Category: topSource: marketwatchMar 25th, 2020

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 .....»»

Category: topSource: bizjournalsMar 23rd, 2020

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......»»

Category: topSource: reutersFeb 14th, 2020

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......»»

Category: topSource: moneycentralFeb 12th, 2020

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 ......»»

Category: topSource: reutersJan 28th, 2020

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......»»

Category: topSource: reutersJan 14th, 2020

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......»»

Category: topSource: moneycentralNov 18th, 2019

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......»»

Category: topSource: moneycentralNov 18th, 2019

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......»»

Category: topSource: reutersNov 13th, 2019

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......»»

Category: topSource: moneycentralOct 3rd, 2019

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......»»

Category: topSource: moneycentralJul 24th, 2019

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......»»

Category: topSource: moneycentralJul 24th, 2019