Global Investing Roundups
Money Morning (July 8th, 2008) Writes:
Siemens Slashes Jobs; Southwest Cozies Up to Canada; VMWare Axes CEO; Office Depot Drops on Dismal Sales; Oil Drops $10 in a Week; Fed’s New Lending Restrictions; Anheuser Busch Sues InBev; ConocoPhilips Strikes Deal with Abu Dhabi
Siemens AG (ADR: SI) announced yesterday (Tuesday) that it would eliminate almost 17,000 positions to prepare for a global economic downturn. The Germany-based industrial giant hopes to achieve $1.9 billion (1.2 billion euros) in cost savings by 2010. Chief Executive Peter Loescher said Siemens needed to be faster, more efficient and have a leaner administration if it hoped to compete, Reuters reported.
Southwest Airlines Co. (LUV) and Canada-based WestJet Airlines Ltd. yesterday (Tuesday) announced a marketing alliance that is planned to go into effect in 2009. “This gives WestJet exactly what they need in terms of growing their trans-border ...
Tags for this Post:
anheuser busch, Axes, Canada, Ceo Office, Current Market News, global economy, Global Investing, Global Jobs, inbev, Investors Profit, Money Moves, Office Depot, Seismic Shift, Siemens, Slashes, Southwest, Stocks to Watch, Vmware
anheuser busch, Axes, Canada, Ceo Office, Current Market News, global economy, Global Investing, Global Jobs, inbev, Investors Profit, Money Moves, Office Depot, Seismic Shift, Siemens, Slashes, Southwest, Stocks to Watch, Vmware


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