This earnings season has clearly given evidence to the fact that corporations in the United States, both financial as well as non-financial, are either restructuring and need to restructure.
Evidence of this is all over the place. Two pieces in the Wall Street Journal about Intel Corp. (NASDAQ: INTC) point to the need for such changes. See, for example, the short piece by Dan Gallager, “Intel’s Reboot: What Comes After Job Cuts.” Then there is the article on Intel’s first quarter earnings, “Intel Cuts 12,000 Jobs, Puts Focus on Cloud.”
Don Clark follows up these articles by claiming “Mobile and Cloud Shifts Slam Old Guard.”
This is true of banking as well. It was the focal point of Nathaniel Popper’s article in the New York…
Read the full article at: http://seekingalpha.com/article/3966964-earnings-season-shows-need-u-s-corporate-restructuring