Kimberly-Clark to cut 5500 jobs and close 10 plants
Kimberly-Clark plans up to 5500 job cuts and the closure or sale of about 10 plants as it restructures to trim 500 to 550 million dollars in costs through streamlining its manufacturing and supply chain. The Dallas company cites weak tissue sales amid competition and a slower birth rate, with total staff about 43000 across 56 countries.
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Bank of America Customers Protest Checking Change
Bank of America customers protest a rule shift moving some e-banking users to paid accounts with a $12 monthly fee unless they deposit $250 monthly or maintain a $1,500 daily balance. A Change.org petition gathered over 46,000 signers, arguing the move hurts low income customers. Bank officials defend the Core Checking plan with fee waivers and direct deposits, while civil rights advocates warn of costlier alternatives for vulnerable groups.
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Look to IRAs and HSAs When No 401(k) Available
If you lack access to an employer plan you can deduct up to 5500 in traditional IRAs with an extra 1000 over 50, and Roth IRAs offer tax benefits if you meet income limits. Self employment opens SEP IRA with up to 25 percent of net income to 55000, plus SIMPLE IRA or a sole 401(k). An HSA offers a major tax break for high deductible plans with 3450 single or 6900 family, tax deferred growth, tax free withdrawals for medical costs, and penalty-free withdrawal after 65 for any reason. The article also notes stock index figures for Russell 2000.
Real Time Market Action Report
Real time market action summary from Markets.usatoday.com tracks intraday moves across major indices and leading stocks. Traders watch volatility, momentum, and price swings as headlines from earnings, economic data, and central bank policy influence sentiment.
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