employees

HSBC to lay off 30000 employees by 2013

HSBC, Europe’s largest bank, aims to become lean in the United States and profitable worldwide.

Robots to replace employees at Foxconn

In a move aimed at improving work efficiency and combating the surging labor cost, Foxconn International Holdings Ltd. has decided to replace workers with robots in its manufacturing facilities.

Goldman Sachs Plans Tighter Bonus Rules

 Goldman Sachs (NYSE: GS) has adopted a new long-term bonus plan that lets the board award cash and stock on top of existing compensation, but lets the firm take back money if the employee takes too much risk, the investment banker said in filing with securities regulators.

 

2 Stocks Microsoft Is Hunting (Hint: Not Apple)

 So what if Windows Phone 7 doesn't have the allure of the iPhone? The device is selling well, and that's a problem for Research In Motion (Nasdaq: RIMM) and Nokia (NYSE:NOK).

 

Should You Get Out of DuPont Before Next Quarter?

There's no foolproof way to know the future for DuPont (NYSE: DD) or any other company. However, certain clues may help you see potential stumbles before they happen -- and before your stock craters as a result. Rest assured: Even if you're not monitoring these metrics, short-sellers are.

This Week's 5 Dumbest Stock Moves

 Stupidity is contagious. It gets us all from time to time. Even respectable companies can catch it. As I do every week, let's take a look at five dumb financial events this week that may make your head spin.

 

Are Shorts Watching iRobot?

There's no foolproof way to know the future for iRobot (Nasdaq: IRBT) or any other company. However, certain clues may help you see potential stumbles before they happen -- and before your stock craters as a result. Rest assured: Even if you're not monitoring these metrics, short-sellers are.

Microsoft and Sentillion: A Progress Report on a Crucial Health IT Acquisition

It was a big day last February when Sentillion, the Andover, MA-based provider of health care software, announced its acquisition by Microsoft (Nasdaq: MSFT) was complete and that the company and its 110 employees (most of whom are in Massachusetts) would be folded into the technology giant's Health Solutions Group. The deal (exact terms of which have not been disclosed) is one of the largest health care acquisitions in Microsoft's history, and it plays a significant role in the Redmond, WA, software firm's overall strategy in health IT.

Ikea gives bikes to U.S. workers

Conshohocken, Pa. -- A spokeswoman for Ikea's U.S. headquarters in Pennsylvania said 12,400 employees of the furniture stores received new bicycles as holiday presents.

Mona Liss, a spokeswoman for the Conshohocken headquarters, said the bicycles were awarded to the workers Tuesday as a thank you for "great results and great team work," the Philadelphia Inquirer reported Thursday.
"It has been a good year for Ikea US (and Ikea Global as well)," Liss wrote in an e-mail message.

Liss said a bicycle gift also "supports a healthy lifestyle and everyday sustainable transport."

The company did not disclose the cost of the bicycles or the company behind the manufacturing.

Copyright 2010 United Press International, Inc. (UPI).

Google, Amazon Play Catch-Up in Group Buying

 In the Wild West of group-buying and daily deals sites, there's about to be a major showdown. Investors have been talking about consolidation in this sector for a while now -- and it looks like that's where things are headed.

 

Burger King to lay off 413

Miami -- Burger King said Monday it would lay off 413 employees in North America and Latin America, including more than 250 at its Florida headquarters.

The company that operates more than 12,200 restaurants in 76 countries said it would reduce its South Florida payroll by 8.84 percent.

The South Florida News reported that Burger King on Monday staffed its headquarters "with police officers and medical personnel just in case the news was too much to bear."

There were no additional details about the layoffs.

Burger King was sold for $4 billion to 3G Capital in October.

Copyright 2010 United Press International, Inc. (UPI).

Burger King to lay off 413

Miami -- Burger King said Monday it would lay off 413 employees in North America and Latin America, including more than 250 at its Florida headquarters.

The company that operates more than 12,200 restaurants in 76 countries said it would reduce its South Florida payroll by 8.84 percent.

The South Florida News reported that Burger King on Monday staffed its headquarters "with police officers and medical personnel just in case the news was too much to bear."

There were no additional details about the layoffs.

Burger King was sold for $4 billion to 3G Capital in 2009.

Copyright 2010 United Press International, Inc. (UPI).