Strategy

Strategy

3M to Cut 3% of Workforce Amid Virus Slowdown

The company's latest streamlining move will enable it to "deliver greater growth and productivity as global markets emerge from the pandemic."
The Quiz

Do You Remember?: The Quiz

Take our quiz on these finance news stories to see how many you might have already forgotten.
Hiring

Private Sector Hiring Slows in November

U.S. companies hired 307,000 employees last month, missing the 475,000 employees that economists expected.
Strategy

Embattled Industries: Profiles in Resilience

Although the pandemic nearly crushed their industries, these companies are finding ways to thrive.
Strategy

Exxon to Take Record Writedown, Slash Spending

The "high-grading" of Exxon's asset base will enable it to "manage future commodity price cycles while working to maintain a reliable dividend."
Auditing

Alibaba, JD, Pinduoduo’s U.S. Listing Fate Hangs in Balance

House vote on audit rules could force the delisting of Chinese stocks if they don't comply with regulations.
The Economy

U.S. Consumer Spending Growth Slows to 0.5%

Amid the surge in coronavirus infections, “We are increasingly worried that the monthly gains in consumption will be weaker."
The Economy

Core Capital Goods Orders Rise 0.7% in October

The continued improvement in the key measure of U.S. business investment suggests manufacturers are optimistic about a return to normalcy next year.
Global Business

Report: IBM To Cut 10,000 Jobs

The job cuts could affect about 20% of its staff in Europe. The United Kingdom and Germany would be the hardest hit, says Bloomberg.
Strategy

Danone Announces Job Cuts, Restructuring

The consumer goods company says it is reshaping itself as a “local-first” organization.
The Economy

U.S. Housing Starts Increase 4.9% in October

The housing market’s “momentum could slow amid a resurgence in new COVID-19 infections that is putting strain on the economic recovery.”
The Economy

Retail Sales Growth Slows to 0.3% in October

“It looks like consumer spending is increasingly turning into a headwind for this recovery from the worst economic downturn since the Great Depression."
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