cost cutting Archives - Page 2 of 3 - CFO

Kimberly-Clark to Cut 12-13% of Workforce

Kimberly-Clark to Cut 12-13% of Workforce

The layoffs will add to last year's $450 million in cost savings as the personal care company continues to adjust to weak sales in North America.

By Matthew Heller | January 23, 2018

Kimberly-Clark Misses on Sales, Profit Beats

Financial Performance

Kimberly-Clark Misses on Sales, Profit Beats

Continued weakness in North America hurt Q3 sales but the company's cost-cutting helped drive a 3% gain in net income.

By Matthew Heller | October 23, 2017

Citigroup Profit up 8% to $4.1B, Earnings Beat

Investment Banking

Citigroup Profit up 8% to $4.1B, Earnings Beat

Every business in Citi's investment banking unit saw healthy growth in the third quarter except fixed-income trading.

By Matthew Heller | October 13, 2017

Cost-Cutting Narrows Sears’ Loss to $251M

Financial Performance

Cost-Cutting Narrows Sears’ Loss to $251M

The retailer's Q2 results were "a little bit heartening, but still left some open areas of worry," including another double-digit comp sales decline.

By Matthew Heller | August 25, 2017

OnDeck Capital Narrows Q2 Loss to $1.49M

Financial Performance

OnDeck Capital Narrows Q2 Loss to $1.49M

CEO Noah Breslow calls the quarter "transformative," saying the online lender made "solid progress" toward achieving its financial objectives.

By Matthew Heller | August 7, 2017

Sears Swings to Profit But Sales Slide Continues

Financial Performance

Sears Swings to Profit But Sales Slide Continues

"There's no turnaround. Anybody who suggests that that's the case... is suffering from a loss of reality."

By Matthew Heller | May 26, 2017

Finance Departments Still Facing Budget Cuts

Finance Departments Still Facing Budget Cuts

Finance teams will have to tighten their belts once more in 2017.

By Vincent Ryan | March 29, 2017

Shell, BP Profits Beat Estimates in 3rd Quarter

Shell, BP Profits Beat Estimates in 3rd Quarter

The two companies' performance boosts hopes that the industry is adapting to an environment of low oil prices.

By Matthew Heller | November 1, 2016

General Mills Sales Drop 7% in First Quarter

General Mills Sales Drop 7% in First Quarter

While sales have declined for five straight quarters, the company's cost-cutting helped the bottom line beat analysts' estimates.

By Matthew Heller | September 21, 2016

Deere’s Sales Drop But Profit Beats Estimates

Deere’s Sales Drop But Profit Beats Estimates

The agricultural equipment giant benefited from its rigorous cost-cutting as the farm spending slump continued to bite into sales.

By Matthew Heller | August 19, 2016

McDonald’s to Take $235 Million Charge in Q2

Financial Performance

McDonald’s to Take $235 Million Charge in Q2

The charge is related to the chain's plan to refranchise thousands of restaurants and move its headquarters.

By Christopher Hosford | July 8, 2016

Boeing Takes Steps to Improve Cash Flow

Boeing Takes Steps to Improve Cash Flow

The aerospace giant is taking longer to pay its supplier bills after depleting its cash pile to buy back shares.

By Matthew Heller | July 7, 2016

Boeing to Cut up to 10% of Airplane Jobs

Boeing to Cut up to 10% of Airplane Jobs

The company is slashing costs even as it ramps up aircraft production to compete with Airbus.

By Katie Kuehner-Hebert | March 30, 2016

Companies Seek Bigger Payoff from Sustainability Efforts

Companies Seek Bigger Payoff from Sustainability Efforts

Many are struggling to align their sustainability initiatives with their core buiness goals, mission and values.

By Iris Dorbian | August 2, 2014