NCR to cut 1500 jobs in six months
NCR Corp plans to eliminate 1,500 jobs, about five percent of its global workforce, over the next six months to streamline operations. The company employs about 30,500 workers in more than 100 countries, including 3,000 at its Dayton headquarters, with cuts spanning all areas of operations.
MENTIONED IN THIS ARTICLE
Dayton
NCR Corp
NCR
John Hourigan
Anink Snemane
Xerox
Stamford, Conn
Xerox Corp
United States
Canada
Anne Mulcahy
Lagos
SEC tightens auditor independence rules nationwide
Federal regulators issued sweeping rules to keep auditors independent from their clients, banning lucrative nonaudit services such as IT and bookkeeping for audit clients. Firms must disclose fees annually and rotate audit partners every five years with five-year bans on reentry, while records must be kept five years after audits.
MENTIONED IN THIS ARTICLE
Washington
The
Security and Exchange Commission
Congress
America
Accounting Industry Oversight Board
FBI
William Webster
SEC
Internal Revenue Service
Enron
Warehee
Arthur Levitt
Inflation steady as October CPI rises 0.3 percent
U S consumer prices gained 0.3 percent in October led by energy and medical costs while airfares and computers fell. The CPI increase kept annual inflation in check but heightened concerns about fuel prices amid geopolitical tensions. The trade deficit widened to 38.03 billion as imports fluctuated and energy demand shifted.
MENTIONED IN THIS ARTICLE
Washington
Labor Department
Lynn Reaser
Banc of America Capital Management
Commerce Department
Council On Foreign Relations
Greenspan
Fed
U.S. Treasury
Wall Street
Home Depot
Iraq
United States
Ingex, Inc
Trade deficit narrows slightly amid weak export demand
The September U S trade deficit fell to 38.03 billion dollars, down 254 million from August but analysts expected a larger drop. Imports slid 0.5 percent due to oil, while exports fell 0.4 percent as demand for autos, auto parts, and computer chips waned. The nine month deficit signals a potential record yearly performance, as policy aims to expand free trade and reduce foreign barriers.
MENTIONED IN THIS ARTICLE
Federal Reserve
Alan Greenspan
Congress
Greenspan
Fed
Washington
United States
Commerce Department
U.S
Bush
Clinton
Central America
Australia
Stocks fall on staid sales news from Home Depot
Wall Street declined amid mixed signals on the economy as Home Depot issued a weak fourth quarter outlook and same store sales dropped. The Dow fell about 12 points to 8474.78, while the Nasdaq slipped 19.18 and the S&P 500 shed 3.62 amid lower tech names and retailer stress.
MENTIONED IN THIS ARTICLE
Home Depot
New York
Wall Street
Hugh Johnson
First Albany Corp
Dow
Standard & Poor
Lowe’s
U.S
Arthur Hogan
Jefferies & Co
Microsoft
Raymond James
Amazon.com
Bear Stearns
Dollar climbs on insurance outlook hit and euro slides
The dollar posted its biggest one day gain against the euro in nearly five weeks after a downgrade of a major European insurer's credit outlook. The euro touched $1.0012, then steadied near $1.0031 as the European Commission warned Germany and France about deficits. The dollar also rose versus most majors, with 122.18 yen, 1.4636 Swiss francs, and 1.5843 Canadian dollars quoted. the British pound slipped to $1.5797.
MENTIONED IN THIS ARTICLE
New York
Dow Jones/ AP
Pean Union Commission
Germany
France
Also Mentioned on This Page
Central Bank
Tokai
Middle Avenue
Elyria
Ohto
Lee
the Chronicle
Pitt
Enron Corp
Arthur Andersen LLP
Andersen
Rockin
Shige Eee Cee
Hector Ruiz
Advanced Micro Devices Inc
Slash
Henry Juszkiewicz
Gibson Guitars
Ruiz
Las Vegas
AMD
Duron
Athlon
olUtno
New York Stock Exchange
Japan
Europe
Britain
Bisa Toll Free
Cedar Grove Financial Group
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