US beer giant Molson Coors is restructuring and rebranding after reporting a loss of US $ 402 million in the third quarter, putting 500 jobs at risk. President and CEO Gavin Hattersley said the brewer needed “big and difficult changes” to regain growth. Net sales fell 3.2% in the thirdRead More →
NEW YORK (AP) — Many small businesses tied to the housing market are experiencing a slowdown in business, which is expected to continue through 2020. Reports on home sales, the home improvement market, and furniture and home furnishings sales show the fallout from rising house and apartment prices. The NationalRead More →
through: JOYCE M. ROSENBERG, Associated Press Posted: Oct 28, 2019 / 10:02 AM CDT / Update: Oct 28, 2019 / 10:02 AM CDT On this September 25, 2019, photo homes in a neighborhood of Brandon, Mississippi, are pictured. Many small businesses linked to the housing market are experiencing a downturnRead More →
Monsanto has announced the extension of its layoff plan to include 1,000 more jobs as part of its cost reduction plan. The addition of the new layoffs brings the total expected job cuts to 3,600 jobs over the next two years. The job cuts are expected to impact around 16%Read More →
Even though discounts have become inevitable in India’s slow-moving truck market, amid one of the worst sales slumps in recent times, truck manufacturers are now looking to mileage, features and service as their selling point. popular sale in a desperate attempt to boost sales. Despite significant discounts, truck sales inRead More →
Interest rates are trending down again as central banks aim to extend the long-term expansion as macroeconomic uncertainties increase. As a result, currently less than a quarter of the world’s major fixed income markets are reporting more than 4%1. To make matters even more difficult, some $ 17 trillion inRead More →