FRANKFURT (Reuters) – Siemens (SIEGn.DE) is planning further cost cuts at its Power & Gas division that will likely result in thousands of job cuts, a person familiar with the matter told Reuters on Thursday. Various scenarios are being considered, the person said, adding details of the overhaul were still to be determined. The Power…
FRANKFURT (Reuters) – Siemens (SIEGn.DE) is planning further cost cuts at its Power & Gas division that will likely result in thousands of job cuts, a person familiar with the matter told Reuters on Thursday. Various scenarios are being considered, the person said, adding details of the overhaul were still to be determined. The Power…
Nestlé has reported organic growth of 2.6% across the business, according to its latest nine-month financial figures. The Swiss food and drinks giant enjoyed particular success in emerging markets (5.1%), with growth in established areas at 0.8%. The company recorded 1.9% organic growth in Europe, Middle East and North Africa, with particularly strong performance in…
Bega Valley Shire Council will front the NSW Industrial Relations Commission due to a dispute over moves to cut staff. United Services Union spokesman Stuart Geddes said the industrial dispute is in relation to redundancies in councils community services department, following recent funding cuts stemming from this years budget. Mr Geddes claimed some council staff are…
FILE PHOTO: Illustration photo of a Kit Kat chocolate bar Thomson Reuters ZURICH (Reuters) – Food group Nestle said it expected its operating margin to slip by 40 to 60 basis points in 2017 due to higher restructuring costs and said full-year organic sales growth should be in line with the 2.6 percent seen in…
Chinese economic growth met expectations during the September quarter, maintaining the familiar pattern seen in each of the past ten GDP reports. According to the National Bureau of Statistics (NBS), GDP grew by 6.8% in the third quarter, down slightly on the 6.9% pace seen in the year to June. The result was in line…
PHILADELPHIA–(BUSINESS WIRE)–Radian Group Inc. (NYSE: RDN) today provided an update on three strategic actions designed to strengthen the companys financial position, improve its debt maturity profile, grow sustainable revenues and profitability in its Mortgage and Real Estate Services business, and increase stockholder value. These three actions are outlined below: On October 16, 2017, Radian entered…
* To split into health and hygiene/home business units * Cuts year sales outlook to flat from 2 pct growth * Q3 like for like sales down 1 pct, miss estimates (Adds comment by analyst, share price move) By Martinne Geller LONDON, Oct 18 (Reuters) – Reckitt Benckiser has decided to split its business into…
Reckitt Benckiser is separating its health and hygiene home divisions after the consumer goods giant cut forecasts for a second time and warned it would not grow sales this year for the first time since 1999. The company, which has reliably churned out sales growth for the past 17 years, said it was already taking steps…
(RTTNews) – Radian Group Inc. (RDN) provided an update on strategic actions. It has eliminated the position of president of the Services business. As a result, Jeff Tennyson will step down from the role effective immediately. On October 16, 2017, Radian entered into a three-year, $225 million unsecured revolving credit facility with a panel of…