Updated Jan. 19, 2016 9:05 a.m. ET Johnson & Johnson on Tuesday said it would cut about 3,000 jobs in its medical-devices division as part of an effort to remove $1 billion in annual costs in the business that makes sterilization equipment and surgical tools. The eliminated positions represent 2.5% of J&Js global workforce and…
DetailsIf you’re a physician in Georgia or work with horses in Kentucky, you could be eligible for some significant student loan forgiveness plans. Forty-three million people in the United States owe some amount of student loan debt, according to the Center for American Progress. But some of those borrowers may be eligible for loan-forgiveness programs…
DetailsRomanias Policyholder Guarantee Fund, which will compensate those who held outstanding insurance policies at the Romanian insurance company Astra Asigurari that went into bankruptcy last fall, aims to get RON 680 million (EUR 150 million) from the companys liquidation. The fund will thus become the insurers largest creditor. Astra has already started liquidation…
DetailsNEW DELHI: A group of 9 investors, including Tiger Global and SAIF Partners, have opposed National Stock Exchange’s business restructuring plan saying the move would delay the bourse’s listing and result in loss in shareholders’ value. These investors – who together hold nearly 20 per cent stake – have also asked the exchange to move…
DetailsFor months in 1987, Donald Trump maneuvered to take control of the hulking, unfinished Taj Mahal casino in Atlantic City. He snapped up stock in the parent company after its owner died and then made a surprise bid to take the company private. With the Taj, along with two casinos he already owned in the…
DetailsJohnson & Johnson Inc. JNJ, -1.91% said Tuesday it is planning to cut about 4% to 6% of the global workforce in its medical devices business over the next two years, as…
DetailsPeople across Sheffield are expected to seek legal advice this week, as the weight of Christmas sits heavy on their shoulders and bank balances. Harry Harpham, the Labour Member of Parliament for Sheffield Brightside and Hillsborough, said: Many working people are struggling to make ends…
DetailsLondon-based coloured diamond investment company Heritage FA has been ordered into provisional liquidation following a petition presented by the Secretary of State for Business, Innovation & Skills to wind up the company on grounds of public interest. The petition was issued following confidential enquiries carried out by Company Investigations, part of the Insolvency Service,…
DetailsHospitality and gaming venue The Bendigo Club entered voluntary administration on Wednesday. A DEBT of $800,000 to the state government for gaming machine entitlements has forced The Bendigo Club to enter voluntary administration. The Strathdale-based hospitality and gaming venue spent $2 million on entitlements for about 40 machines during the state government auction in 2010, but has…
DetailsPeople involved in startups are sometimes treated as the rock stars by the business media. Some employees of tech startup Atlassian, for example, have been outed as newly minted millionaires as the company rises in value after its initial public offering on the Nasdaq. All of this makes life in a startup seem like a…
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