Business

Caterpillar to cut thousands of jobs, close plants

For 2015, the company expects revenues of $48 billion, down by $1 billion from a prior view and below the $48.9 billion consensus. Caterpillar brought in brought in $55.18 billion in revenue previous year. The company added that sales and its revenue during 2016 would be 5% lower than in 2015. While Cat made announcements earlier this year of layoffs in places like East Peoria and Joliet, Potts said the job cuts they're announcing now are permanent.

Business

Anderson Silva will return in April of 2016

Since his failed drug test, Silva's reputation has been marred. But before thinking of potentially getting his coveted fight with Anderson Silva, Michael Bisping will first have to deal with Robert Whittaker at UFC 193. It remains to be seen if there is any truth on whether Silva will be facing the count next year. Silva revealed he could be coming back on April to face Michael Bisping in his hometown of Curitiba, on the same card as Fabricio Werdum vs.

Business

Cereal Killer cafe damaged in anti-gentrification protest

The cafe's owners were interviewed by Channel 4 several months ago and the same issue was brought up regarding the high prices of their food and how it would affect locals in the area. Last night it exploded in a protest with the Cereal Killer Café directly in the firing line. "They had torches and pigs' heads". Gary Keery said: "It wasn't as if they were walking past and just happened to stumble upon us".

Business

Volkswagen Share Price Slide and China Worries Roil Markets

The Shanghai Composite Index in mainland China was up 0.9 percent to 3,185.62. The country has suffered a slew of weak data, from trade and investment to consumer spending and inflation, despite authorities cutting interest rates five times since November.

Business

Dollar, shares gain on Yellen speech, US GDP

Additionally, real gross domestic product (GDP) increased at an annual rate of 3.9 percent in the second quarter of 2015, the U.S. Commerce Department said Friday. The company named Matthias Mueller, the head of the group's Porsche unit, to be the new CEO. "24 lows". The UK's FTSE 100 Index shed 1.2 percent, while France's CAC 40 Index and Germany's DAX Index each slid 1.9 percent.

Business

Over half a million pounds of Sanderson Farms chicken recalled

The recall is due to a foreign material found in the chicken after a customer and the U.S. Department of Agriculture analyzed a sample. The facility said that the contamination is due to a malfunction in the ice-making machine that was used during the production of the chicken.