Markets
Procter and Gamble cutting 500 jobs in Iowa City
The move means 500 Procter & Gamble employees - about 40 percent of the company's total employment in the city - will see their jobs cuts. P&G also announced plans to cut 500 jobs making hair products and body wash at an Iowa City, Iowa, plant, leaving 100. [Full Article...]
Hard Facts About GlaxoSmithKline plc (NYSE:GSK)
FTB Advisors Inc. grew its stake in shares of GlaxoSmithKline by 16.9% during the 2nd quarter. The stock volatility for week was 2.20% while for month was 1.31%.Beta factor, which measures the riskiness of the security, was observed as 0.96. [Full Article...]
Investors Feeling Jittery About Merck & Co., Inc. (MRK), MetLife, Inc. (MET)
Parallax Volatility Advisers Lp decreased its stake in Merck & Co Inc (Call) ( MRK ) by 27.98% based on its latest 2017Q3 regulatory filing with the SEC. (NASDAQ:CCRN) for 2.01 million shares. The stock has a market cap of $152,240.00, a PE ratio of 60.09, a PEG ratio of 2.51 and a beta of 0.75. What Analyst Suggest For Merck & Co., Inc. [Full Article...]
Government action on Taylor Review will strengthen employment rights - CIPD
Kerry Garcia, head of employment, pensions and immigration at Stevens & Bolton, said: "The long-awaited response to the Taylor report is largely a disappointing read for many workers - especially those working in the gig economy - as the changes announced today do not appear to provide significant new employment rights for them". [Full Article...]
Cisco Systems, Inc. (NASDAQ:CSCO) Shares Bought by Commerce Bank
It has underperformed by 3.50% the S&P500. Fagan Associates Inc increased its stake in Citigroup Inc (C) by 53.49% based on its latest 2017Q3 regulatory filing with the SEC. RBC Capital Markets maintained the stock with "Outperform" rating in Friday, September 25 report. The company was maintained on Friday, September 1 by Stifel Nicolaus. [Full Article...]
Mercedes-Benz apologises to China after quoting Dalai Lama
Daimler AG unit Mercedes-Benz is the latest worldwide company offering the Chinese an open apology for quoting the Dalai Lama on Instagram , weeks after Chinese regulators probed Marriott global for listing Tibet as a nation on its website. [Full Article...]
America's Richest and Most Controversial Doctor Is Buying the 'Los Angeles Times'
Tronc does not break out what percent of its $1.4 billion in annual revenues include the Times and Union-Tribune newspapers, but Edmonds estimates that they make up about 35 percent of the company's revenues. The editor of the Los Angeles Times , John Carroll, who led the paper to 13 Pulitzer Prizes, resigned under heavy pressure to cut staff. The deal came together over the past five days... [Full Article...]
Pioneer Nat Res Co (PXD) Position Maintained by Avenir Corp
The stock increased 1.24% or $2.13 during the last trading session, reaching $173.95. About 1.09M shares traded. Pioneer Natural Resources Company ( PXD ) has demonstrated a 20-day simple moving average (SMA) of -6.41%, and a 50-day SMA of 1.05%. [Full Article...]