Tag: doubles

Raytheon Shares Off – Job-Cut Plan Nearly Doubles

Raytheon Technologies  (RTX) – Get Report shares were slipping on Thursday after the aerospace and defense giant said the company would be eliminating more than 15,000 jobs due to the slowdown in the airline industry brought on by the coronavirus pandemic shutdown.

“Those head-count reductions are nearly double the previous estimate of about 8,500 that we gave you back in July,” Chief Executive Greg Hayes said on a Morgan Stanley investor-and-analyst call on Wednesday. 

Shares of the Waltham, Mass., company at last check were down 1.2% to $62.15.

Hayes said selling, general and administrative expense would be cut roughly 20% at Pratt & Whitney of East Hartford, Conn., and about 12% at Collins Aerospace, based in Charlotte.

The job cuts are part of $2 billion in overall cost reductions and $4 billion in cash conservation for the company in 2020.

Hayes said the company’s defense business “remains resilient

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McDonald’s doubles down on ‘values’ in the wake of controversy

  • McDonald’s told employees on Monday that it is looking into new training and hiring processes that emphasize corporate values, according to notes from the event viewed by Business Insider. 
  • Global Chief People Officer Heidi Capozzi began a top to bottom review of the HR department when she joined McDonald’s April, replacing David Fairhurst — who McDonald’s now says was fired “with cause” after making women at the company uncomfortable. 
  • McDonald’s is investigating allegations against the HR department under Fairhurst, as well as suing its former CEO Steve Easterbrook, alleging Easterbrook covered up sexual relationships with three employees. 
  • Read how former McDonald’s CEO Steve Easterbrook went from the chain’s savior to its worst nightmare here.
  • Visit Business Insider’s homepage for more stories.

McDonald’s is doubling down on values in the wake of controversies, including a lawsuit from Black former franchisees and the company accusing its former CEO of covering up sexual

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South’s Armbrust, Nunemaker win doubles, Central’s Sanborn singles in CHS Invitational – Sports – Salina Journal

For the most part, Iliana Armbrust and Alexxa Nunemaker simply took care of business Saturday on their run through the doubles bracket at the Salina Central Invitational.

But when they needed to raise their game in the finals, they found another gear.

“When McPherson started gaining points on us and it almost went to a tiebreaker, we were able to finish points,” said Armbrust, who along with Nunemaker helped Salina South to a second-place team finish by edging McPherson’s CeAnna Allen and Perrin Schneider, 8-6, in the finals. “We were able to finish it off.

“I’m very happy with the way we played. We worked really hard in the final match for first place. We played really well against McPherson to beat both of their doubles teams.”

McPherson, with runner-up finishes in both singles and doubles, claimed the team championship with 61 points, while South was second with 56 and

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