HP to Slash 14500 Jobs Amid Wide Restructuring
HP plans a 10 percent global workforce cut affecting support roles as part of a shift to a simpler, nimbler company. CEO Mark Hurd, four months in, says the aim is competitive costs to fuel growth for employees, customers, and investors. Beginning January, pension and retiree medical benefits will be frozen for those not meeting criteria, while 401(k) matches rise to 6 percent.
MENTIONED IN THIS ARTICLE
Mark Hurd
Ders
NCR Corp
Hurd
Wal Mart opens energy efficient Texas store in McKinney
Wal Mart Stores Inc opens a 206000 square foot store in McKinney Texas featuring a 120 foot wind turbine and rainwater harvesting pond. The company projects energy savings from its conservation features including waterless urinals recycled cooking oil heat use and alternative refrigeration with goals of reducing costs and promoting environmental responsibility.
MENTIONED IN THIS ARTICLE
McKinney Wal-Mart Stores Inc
Secunenagh
Cabdiac
Texas
Don Moseley
Begstonville, Ark
Wal-Mart
Auto Center
Wal
Oil Prices Slip After Supply Worries Ease
In Vienna Austria oil prices eased as traders priced in limited Gulf of Mexico disruptions from Hurricane Emily. Analysts noted comfortable levels despite possible summer output losses with the U S weekly petroleum inventory snapshot due today. August crude rose to 57 46 a barrel while gasoline futures added 2 62 cents to 1.6735 and heating oil fell slightly to 1.6301 per gallon.
MENTIONED IN THIS ARTICLE
Vienna
Austria
Gulf of Mexico
U.S
New York Mercantile Exchange
Nymex
Earnings News From Intel Kraft Foods and Yahoo
Intel posted a record quarterly profit of 9.23 billion on revenue of 9.22 billion in the period ending July 2. Kraft Foods reported a 32 percent drop in second quarter profit to 472 million amid a sugar unit sale loss and higher costs. Yahoo posted a 754.7 million profit or 51 cents per share for the quarter, up from 112.5 million a year ago. Nokia remains the leading mobile maker with Motorola gaining on better prices while stock traded lower after hours.
MENTIONED IN THIS ARTICLE
Intel
Santa Clara
Thompson Financial
Chicago Kraft Foods Inc
Kraft
Thomson Financial
Yahoo
San Francisco
Yahoo Inc
Pany
Finland
Nokia
Motorola
THE
Associated Press
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Dell
IBM
New York Stock Exchange
Eric Johnson
Dartmouth College
Hewlett-Packard
Invent
Vers Online
Yahoo! “Ie
Pat Carr
Lee Hulten
NEC
Silk Carden Midland Plaza
Mervyn's
Kamal N. Tolia
M.D
American Board of Bariatric Medicine
Vali
MY Yehem
S. CO
Indouwe
Lowworldinc
Midland and
Odessa
I-20
Avon
Motorola Beats Street
Mammet Sale
Reni
W. Wadley
Midland
Kids Shoes Concern
Midland Plaza
Ited Ee RA
Yiehards CourtGe
Big Spring Texas, Midland
Accent Granite & Marble
Andy Lasater
Clay Hicks
Coors Rd
Bryant
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