Newell Brands will slash about 7% of its office roles and pare down its real-estate footprint in an organizational realignment.
The Atlanta-based maker of Rubbermaid and Sharpie said it expected to realize annual pretax savings of $65 million to $90 million net of reinvestment, the majority of which is expected this year.
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Boeing shares fell more than 8% at one point while shares in its supplier Spirit Aerosystems dropped 11%.
Disneyland is ending its annual pass program after being closed for nearly a year due to the coronavirus pandemic, the resort announced Thursday. With Southern California experiencing the worst surge yet in COVID-19 cases and hospitalizations, and with no clear idea of when the theme park will be able to finally reopen, Ken Potrock, president…
A Florida woman and 15 of her friends have reportedly tested positive with the coronavirus after a night out at a bar in Jacksonville Beach. “Welp, Florida opened back up & my ass should’ve stayed tf home this past weekend cause I just tested positive for the damn COVID,” she wrote on Facebook last week….
Barclays slashed its workforce by around 5,000 jobs in 2023 as part of a major cost-cutting drive announced last year, the bank said Monday. The majority of the cuts fell in Barclays Execution Services, the bank’s support unit, the lender said, confirming for the first time Reuters reporting from last November that the lender was eyeing thousands of…
Comment on this storyComment Add to your saved stories Save The Federal Aviation Administration ordered the grounding of 171 Boeing airplanes for inspection on Saturday, after part of a jet’s wall blew out in midair on a flight Friday and caused a dramatic emergency landing. All Boeing 737-9 Max planes with the same part —…
Shares in JD Sports have plummeted by more than 20% after the sportswear seller issued an profit warning. The company said its profits would be about £125m lower than previously predicted after a worse-than-expected festive trading period. It blamed more promotions and price discounting than anticipated, which it said reflected “more cautious consumer spending”. It…
