AB Volvo to cut white-collar workforce by 4,100 jobs as pandemic weighs

FILE PHOTO: Martin Lundstedt, CEO of Volvo, presents the company’s first quarter results at a news conference in Stockholm, Sweden April 25, 2017. TT News Agency/Noella Johansson via REUTERS STOCKHOLM (Reuters) – Truck- and construction equipment maker AB Volvo (VOLVb.ST) plans to cut its white-collar workforce by around 4,100 positions Continue Reading

Column: What would private equity funds in 401(k)s mean for retirement savers?

CHICAGO (Reuters) – Employer retirement plans are not known for their flashy investments – a majority of 401(k) investors these days use target date funds that invest in broad, diversified equity and fixed income mutual funds that automatically rebalance to minimize risk as retirement approaches. FILE PHOTO: U.S. Dollar banknotes Continue Reading

Starboard set to win eight board seats at GCP Applied Technologies-sources

(Reuters) – Hedge fund Starboard Value LP is close to having eight directors elected to the board of GCP Applied Technologies Inc (GCP.N) at the chemical company’s annual meeting, people familiar with the matter said on Wednesday. While not all votes have been cast before Thursday’s annual meeting and the Continue Reading

Nestle confirms sale of Buitoni brand’s North American business

FILE PHOTO: Nestle logo is pictured on the door of the supermarket of Nestle headquarters in Vevey, Switzerland, February 13, 2020. REUTERS/Pierre Albouy ZURICH (Reuters) – Nestle SA (NESN.S) is selling the North American business of its Buitoni pasta brand to private-equity firm Brynwood Partners, the Swiss food group said Continue Reading

Column: Spend or hoard? Fate of forced savings could define pandemic recovery – Mike Dolan

(The author is editor-at-large for finance and markets at Reuters News. Any views expressed here are his own) FILE PHOTO: George Washington is seen with printed medical mask on the one Dollar banknotes in this illustration taken, March 31, 2020. REUTERS/Dado Ruvic/Illustration/File Photo By Mike Dolan LONDON (Reuters) – Many Continue Reading

American Airlines announces 14 officer departures, memos show

FILE PHOTO: American Airlines passenger planeS parked at Tulsa International Airport in Tulsa, Oklahoma, U.S. March 23, 2020. REUTERS/Nick Oxford/File Photo CHICAGO (Reuters) – American Airlines Group Inc (AAL.O) told employees on Thursday that 14 officers will be as leaving the company as part of leadership changes in which another Continue Reading

The TOP Reason New Hires Fail

According to the results of a study published in Forbes Magazine, 46 percent of new employees in professional positions quit or are fired from their job within the first 18 months. That statistic is alarming enough on its own, especially in this crisis. What is even more surprising is the Continue Reading

Ackman says hedge fund up 27% year to date, dumped Berkshire

FILE PHOTO: William ‘Bill’ Ackman, CEO and Portfolio Manager of Pershing Square Capital Management, speaks during the Sohn Investment Conference in New York City, U.S., May 8, 2017. REUTERS/Brendan McDermid/File Photo BOSTON (Reuters) – William Ackman’s hedge fund is boasting double-digit gains at a time many portfolios have sunk along Continue Reading