Ford to cut jobs amid leaner Ford plan
Ford Motor Co faces pressure from board and shareholders as U S industry sales fall. WSJ reports a plan to cut about 10 percent of global staff, largely among salaried workers, with unclear impact on hourly factory jobs. Ford stresses cost reduction and strategic priorities to protect profits after first quarter earnings decline.
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Domino's Pizza rebirth lifts stocks and sales worldwide
During 2008's recession Domino's faced harsh critique of its food and service. Under CEO J Patrick Doyle the chain revamped its recipe and embraced digital ordering, expanding to 14 000 stores including a Malaysia opening. Global sales reached 10 9 billion with U S same store sales up 24 quarters straight and stock surging to 196 23 a share.
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Google ad click fraud suit alleges billions in fraud
Plaintiff Gurminder Singh of Vacaville California claims Google profits from fraudulent ad clicks and seeks class action status. He says nonsensical ads received many clicks with few conversions, and alleges third parties manipulated clicks despite Google promising protection.
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Subdued Wall Street Day Ends With Mixed Close
A subdued trading session on Wall Street closed mostly lower with the S P 500 slipping to 2400.67 and the Dow at 20979.75 while the Nasdaq rose to 6169.87. Utilities and energy led declines, tech stocks rose, and investors parsed earnings and housing data.
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Standard & Poor
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