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AeroVironment (AVAV) says it received an order valued at $4,862,674 under a contract with the Norwegian...
Moody's cited fears the country will have difficulty meeting its deficit reduction goals and underlining expectations the country will be forced to seek a bailout from the EU.
Uncertainty plagues the country after its minority government fell apart as it was attempting to win parliamentary support for a fourth round of austerity measures, setting up a June 5th general election.
Moody's Investors Service delivered another blow to the credit rating of Portugal's government bonds, cutting its rating to Baa1 from A3, and putting the rating on review for a further possible cut.
More than 900 of the company's 5,000 workers will lose their jobs, Reuters reports. AOL will cut about 400 employees in India, outsource another 300 positions and eliminate 200 jobs in the United States, the story said.
AOL (AOL) slips after Reuters reports that the company will cut about 20% of its global workforce to restructure in a bid to catch up with faster moving rivals, a source close to the company said.
That represents 30% to 40% of the company's U.S. employee base currently at 2,275 workers.
Hutchinson Technology has closed multiple plants and cut hundreds of jobs over the past two years as it lost customers during the recession.
The cuts will be made over the next year and will reduce costs by $45 to $60 million per year.
Hutchinson Technology Inc (NASDAQ:HTCH) said today it would cut between 680 and 900 jobs from its U.S. workforce.
The proposal will reduce the national deficit by more than $1 trillion over a 10 year period, 75% of which will be accounted for by spending cuts, tax increases or doing away with existing tax breaks.
"President Barack Obama released Monday his plans to drastically cut federal spending with a proposed $3.73 trillion budget for fiscal year 2012.
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