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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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