LOS ANGELES: Walt Disney Co on Wednesday announced a sweeping restructuring under recently reinstated CEO Bob Iger, cutting 7,000 jobs as part of an effort to save $5.5 billion in costs and make its streaming business profitable.The layoffs represent an estimated 3.6% of Disney’s global workforce.Shares of Disney rose 4.7% to $117.22 in after-hours trading.The […]
Tag: Business
Hibs and Ross County fans on final
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After all is said and done, more is said than done
[dropcap]S[/dropcap]tay focused and remember we design the best WordPress News and Magazine Themes. It’s the ones closest to you that want to see you fail. Another one. It’s important to use cocoa butter. It’s the key to more success, why not live smooth? Why live rough? The key to success is to keep your head […]
Lock in now! Stock sell-off sinks mortgage rates
[dropcap]S[/dropcap]tay focused and remember we design the best WordPress News and Magazine Themes. It’s the ones closest to you that want to see you fail. Another one. It’s important to use cocoa butter. It’s the key to more success, why not live smooth? Why live rough? The key to success is to keep your head […]
Market wants ‘decisive action’ so Turkey needs to raise rates: Yale economist Stephen Roach
Turkey’s central bank needs to raise interest rates to contain the country’s financial crisis, veteran economist Stephen Roach told CNBC on Monday. Earlier in the day, Turkish lira dropped to a new all-time low of 7.24 against the U.S. dollar. It later pared some of those losses to trade around 6.99. “The markets clearly want much more decisive action,” […]