Pearson to cut 4000 jobs in new restructuring plan
Pearson plans 10 percent workforce reductions and division integration to cut costs amid persistent market pressures in North America and beyond. Chief Executive John Fallon says the moves aim to simplify operations, stabilize profits, and restore growth, with digital products at the core.
MENTIONED IN THIS ARTICLE
Pearson
London
North America
South Africa
The
Financial Times
John Fallon
United States
Fallon
Marjorie Scardino
Freshii replaces fried fare at Target cafe in Minneapolis
At a Target in northeast Minneapolis, the cafe swaps popcorn hot dogs and Pizza Hut pies for Freshii bowls and wraps. The shift follows Target’s health push under CEO Brian Cornell and trials of new dining concepts to refresh in-store experiences.
MENTIONED IN THIS ARTICLE
Katy Hays
Target
Minneapolis
Freshii
Toronto
Brian Cornell
Target experiments with cafe overhauls across stores
Target tests cafe concepts with partners like Freshii and D Amico & Sons in about 1,650 stores while evaluating a localized, cost-cutting approach. Some locations trial regional menus and a lower priced Italian Kitchen concept with decor aimed at a homey vibe and kids' area.
MENTIONED IN THIS ARTICLE
D’amico and Sons Italian Kitchen
Edina
Minn
Target
U.S
Sean Naughton
Piper Jaffray
Cornell
CVS
Naughton
Freshii
D’amico & Sons
Minneapolis
Denver
Twin Cities
Lynn Ulrich
D’amico
D’ Amico
Italy
Pizza Hut
New York
New Jersey
Iowa
Ocwen to pay 2 million to settle SEC misstatement claims
Ocwen Financial Corp will pay 2 million to settle allegations it misstated financial results by using a flawed undisclosed valuation method for mortgage assets. SEC said the valuation was not independent but done by an affiliate and not reviewed, affecting net income for late 2013 and early 2014. Ocwen, with Waterloo operations, neither admitted nor denied the allegations.
MENTIONED IN THIS ARTICLE
Ocwen Financial Corp
Securities and Exchange Commission
SEC
United States
Ocwen
Waterloo
United to buy 40 Boeing jets in $3.2 billion deal
United Airlines will purchase 40 Boeing jets worth about $3.2 billion, bolstering Boeing’s position while dimming Bombardier’s CSeries prospects. Southwest also announced a 33 aircraft Boeing order. The CSeries faces delays and sales challenges as airlines favor common fleets and Pratt & Whitney engines.
MENTIONED IN THIS ARTICLE
United Airlines
Boeing
Bombardier
Southwest Airlines
United
Pratt & Whitney
Howard Rubel
Jefferies
New York
Rubel
Isabelle Gauthier
Embraer
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Minneapolis Star Tribune
New Brighton Boulevard
Reuters
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