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GM Cutting Hundreds of jobs to Reduce Costs

General Motors Co is cutting hundreds of executive-level and salaried jobs as it looks to cut costs and streamline operations, a person briefed on the matter told Reuters on Tuesday. The global reductions are in the “low hundreds,” the person said. GM Chief People Officer Arden Hoffman said in a letter to employees on Tuesday […]

ASM Rises After Preliminary Q4 Net Sales Beat Estimates

Shares in ASM International NV (AS:ASMI) surged towards the top of the pan-European Stoxx 600 on Wednesday after the Dutch chip supplier posted better-than-expected preliminary sales in the fourth quarter following an easing in recent supply constraints. In a statement, the firm said net sales increased to around €720 million (€1 = $1.0846) during the […]

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