BRIEFCASE YAHOO PLANS NEW ROUND OF JOB CUTS.Byline: - From staff and wire reports SUNNYVALE - Yahoo Inc. will cut an additional 400 jobs, more than 12 percent of its work force, as it reorganizes in search of sustainable, profitable growth, the Internet company's chief executive officer told analysts Thursday. Yahoo imposed the first layoffs in its six-year history in April, cutting 420 jobs. The company is condensing 44 business units into six to create a more manageable structure that will help reduce Yahoo's reliance on advertising and generate new paid services, Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Terry Semel said. Weight Watchers investors pig out NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of - Shares of Weight Watchers International Inc. soared 23 percent Thursday as the company's debut on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. received a warm welcome from investors. An initial public offering of 17.4 million shares, priced at $24 per share late Wednesday, raised $417 million for the weight-loss services company. The Weight Watchers shares, trading under the WTW WTW Welfare-To-Work WTW Water Treatment Works WTW Well-To-Wheels (hybrid electric vehicle) WTW Watamu Turtle Watch (Kenya) WTW Woman to Woman (Boston) symbol, closed at $29.50 Thursday. The impressive showing doesn't represent a complete turnaround for the IPO (Initial Public Offering) The first time a company offers shares of stock to the public. While not a computer term per se, many founders, employees and insiders of computer companies have found this acronym more exciting than any tech term they ever heard. market, which has been in the doldrums compared with last year, when shares of new technology stock skyrocketed after being introduced. Many of those high-flying stocks came crashing down later. Jobless numbers highest since '83 WASHINGTON - New claims for state unemployment benefits fell for the third straight week, but the number of laid-off Americans collecting benefits still reached an 18-year high. The Labor Department The Department of Labor (DOL) administers federal labor laws for the Executive Branch of the federal government. Its mission is "to foster, promote, and develop the welfare of the wage earners of the United States, to improve their working reported Thursday that for the work week ending Nov. 11, new jobless claims fell by a seasonally adjusted 8,000 to 444,000. Even though new claims declined for the third straight week, the level of claims remained high enough to suggest that the labor market remains weak. Philip Morris Cos. changing moniker (1) A name, title or alias. See alias. (2) A COM object that is used to create instances of other objects. Monikers save programmers time when coding various types of COM-based functions such as linking one document to another (OLE). See COM and OLE. NEW YORK - The Philip Morris Cos. chief executive officer announced Thursday that the corporation is shedding its name, long associated with the Marlboro Man and the women of Virginia Slims ads. The tobacco, food and beer conglomerate will be called Altria Group Inc. as soon as shareholders approve the change. The new name will clear up confusion between the parent company and its tobacco operations, Chairman and CEO Geoffrey C. Bible said, and better reflect the growth into a corporation that makes and sells products including Nabisco cookies, Miller beer and Kraft foods. OPEC OPEC: see Organization of Petroleum Exporting Countries. OPEC in full Organization of the Petroleum Exporting Countries Multinational organization established in 1960 to coordinate the petroleum production and export policies of its threatens Russia on prices VIENNA, Austria - An oil price war loomed nearer Thursday when the most powerful member of the Organization of Petroleum Exporting Countries Organization of Petroleum Exporting Countries (OPEC), multinational organization (est. 1960, formally constituted 1961) that coordinates petroleum policies and economic aid among oil-producing nations. said the cartel would let crude prices fall, if necessary, to pressure Russia and other producers outside OPEC into cooperating with a plan to cut production. Saudi Arabia, the world's No. 1 oil producer, dominates OPEC, and the candid comments of its oil minister, Ali Naimi, revealed frustration at Russia's refusal to make more than a token gesture to tighten its taps. OPEC members see cooperation by Russia, the third-largest crude producer, as essential to stem the collapse in oil prices. |
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