MARTINSVILLE, Va., June 06, 2024 (GLOBE NEWSWIRE) -- Hooker Furnishings Corporation (HOFT) (the “Company” or “HFC”), a global leader in the design, production, and marketing of home furnishings for ...

FedEx (FDX) earns a Buy rating, driven by a strategic shift toward premium B2B verticals and robust cost reduction programs.

Earnings Call Insights: United Parcel Service, Inc. (UPS) Q1 2025 CEO Carol Tome highlighted key developments, including consolidated revenue of $21.5 billion for Q1 2025, down 0.7% year-over-year, ...

Intel has unveiled a cost reduction plan involving significant layoffs, substantial cuts in operating expenses, and a sharp reduction in capital expenditures (capex). The announcement comes as the ...

Jason Few, President, CEO & Director, stated that the company is executing its third fiscal quarter with "meaningful revenue growth while focusing on expanding our sales pipeline and improving our ...

Mercer International Inc. reported Q1 2025 EBITDA of $47.1 million and a net loss of $22.3 million, reflecting operational challenges. Mercer International Inc. reported its first-quarter 2025 results ...

Since the Deloitte Center for Health Solutions began surveying healthcare finance leaders in 2020, cost reduction has consistently been a top three organizational priority or concern. But in 2024, ...

Facing a shifting energy demand landscape, many energy and chemicals (E&C) companies have cost-reduction on their minds. Geopolitical tensions, which often drive-up oil and natural gas prices, are ...

Norwalk-based Booking Holdings Inc. has announced a workforce reduction and other cost-saving measures, the company said in a filing with the U.S. Securities and Exchange Commission. The announcement ...

A Murphy Oil Corp. subsidiary has signed a deal to acquire the BW Pioneer floating production storage and offloading vessel (FPSO) from BW Offshore for $125 million. The FPSO will remain at its ...

KANSAS CITY, Mo.--(BUSINESS WIRE)--With U.S. healthcare costs expected to grow between six and eight percent again this year, plan sponsors chose “cost reduction” as their top priority when ...

“The ongoing weak demand that’s adversely impacting the furniture industry made our first quarter challenging,” said Jeremy Hoff, Chief Executive Officer. “However, we remain confident that the ...