Nestlé's sales from Asia, Oceania and Africa (AOA) region went down 3% and the company whose brands range from Nescafe and KitKat to Perrier has less sales growth forecast for 2015 to around 4.5%. This is way back below its broader objective of 5 to 6% growth in the succeeding years.
Firm Management
This start-up gives moms a $3,000 stipend for maternal clothes
A Utah-based company called Domo Inc. is hoping to attract more talent and to address the needs of their employees by providing a stipend for their expectant mothers to dress professionally and comfortably while carrying a baby.
Dow Chemical reviews options on agri unit, rejigs JVs
As part of its massive restructuring plan, Dow Chemical Co has taken up several measures to increase the bottom line of the company. Dow has decided to review all the available options for its farm chemicals and seeds unit, which has been suffering from sales drop. Dow Chemicals is also considering an option to buy a stake of Coming Inc in a Silicon joint venture (JV). It has increased the dividend payout and is also in the process of offloading its stake in a Kuwait JV engaged in petrochemical products.
Amazon to increase workforce for the holiday seasons
Amazon is one of the giant retail online stores that are hoping to meet the increase in customer traffic this coming holiday seasons. From a workforce of 80,000 last year, it is now hiring more employees to reach the 100,000 figure. It is surpassing the holiday hiring practices of its competitors Macy and Walmart.
Angry Birds maker Rovio Entertainment to cut 213 of workforce mostly in Finland
Rovio Entertainment, the maker of Angry Birds, announced it will reduce a third of its jobs mostly in Finland. The Finnish gaming company, Rovio Entertainment, had concluded from negotiations between employees on August 26. Rovio had deliberated it will cut 213 jobs.
Latest News
A negotiation between the U.S. company and Italian businessman Antonio Percassi to bringing Starbucks to Italy is already in process. The agreement is set to be finalized this coming Christmas according to the newspaper Corriere della Serra.
Salesforce of Pardot's Adam Blitzer shared that the strategy of B2B marketing is similar to a strategy in judo. He admitted that his background in judo plays a huge role for him in developing the marketing automation products in Pardot.
The world's biggest fast-food chain, Mc Donald's corporation, is close to making a decision on what to do with its massive US real-estate holdings.
American Apparel company forecasts robust demand after the bankruptcy turnaround. The US-based fashion chain is predicting more profitable years to come. American Apparel is known for its controversial sexual advertisements.
Barclays Plc, UK's third largest bank, is expected to announce Jes Staley, former JPMorgan Chase banker, as its new Chief Executive Officer (CEO). Staley is believed to have accepted the offer from Barclays, according to the unconfirmed market news. The appointment is expected to be announced within two weeks. Even after the confirmation of the offer, Staley will have to get approval from Britain's financial regulator. Barclay's investment banking activity has been under pressure for some time. Choosing Staley could result in renewed focus on the investment banking.
SunEdison Inc., a solar company announced Monday about its plans to optimize its business operations and increase cash flow. This move will include layoffs, according to an internal company memo.
As part of its restructuring plan to reduce costs, Monsanto Co has decided to cut 2,600 jobs. The slashing of jobs accounts for 11.6 percent of total employees at Monsanto. With an objective of boosting confidence for investors, Monsanto has taken up share buyback exercise.
Earlier this week, hundreds of corporate and support jobs will be laid off at Wal-Mart Stores. The cuts come at time Wal-Mart is investing in billions to strengthen its e-commerce for better competition with Amazon.com and Target, giving hundreds of thousands of in-store workers raises.
Dunkin' Brands, the company parent of Dunkin' Donuts and the Baskin-Robbins ice cream chain, will close 100 Dunkin' Donuts stores in the United States. The closing of stores will be this year and next as announced Thursday as reported by CNN Money.
