FRANKFURT The headwinds buffeting the global auto industry made themselves felt in Europe on Thursday as mass-market carmaker Ford and luxury-focused Jaguar Land Rover announced sweeping restructurings that will cost thousands of jobs.
Ford Motor Co. said it will drop an unspecified number of jobs in Europe as it seeks to make its business there more consistently profitable. Ford is refocusing on commercial trucks and SUVs and dumping less lucrative models while shifting production to electric cars over the longer term.
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The Dearborn, Michigan-based company said reductions would be achieved as far as possible through voluntary departures negotiated with u…
Read the full article at: https://www.prpeak.com/business/ford-to-shake-up-european-business-cut-jobs-1.23589098
Medical debt is part of the terrible legacy of asbestos exposure in America.
Cancer therapies are expensive for all patients in the U.S. The average cost of a major chest surgery is about $40,000, and eight weeks of chemotherapy may cost up to $30,000.
These medical bills often come at the same time the patient can no longer work or when a relative must stop working to become a caregiver.
Mesothelioma treatment may be extra costly because of how rare the disease is. Most patients have to travel to another city or even across the country to find doctors familiar with asbestos-related cancer.
All these costs combined can lead to a treatment side effect called financial toxicity. This is when patients feel so much stress over medical bills…
Read the full article at: https://www.asbestos.com/treatment/medical-debt/
For financial goals that are about three years away, investing in debt funds help in generating tax effective returns.Compared with a net inflow of Rs 1.42 lakh crore in November 2018, mutual funds registered a net outflow of Rs 1.36 lakh crore in December 2018. While the equity asset base continues to be robust, it is the debt mutual funds that saw heavy redemption. However, industry experts are attributing such outflows to the end of quarter effect and advance tax outflows as the reasons for the huge outflows from liquid and money market funds.
Debt mutual fund investors were largely left disappointed in 2018 as returns dipped due to rising bond yields and were also hit by credit downgrades. Controlled inflation and any RBI repo rate cu…
Read the full article at: https://www.financialexpress.com/money/mutual-funds/relax-do-not-blindly-exit-debt-mutual-funds-heres-an-investment-strategy-for-2019/1438455/
Debt: Why more people are pressing the bankruptcy button
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A hug, a dance and a song is hardly the reaction you would expect from someone just about to be declared bankrupt.
The threat of losing your home, a year of financial restrictions, three years of paying creditors, and a six-year blight on your credit rating does not …
Read the full article at: https://www.bbc.co.uk/news/business-38668084
STOCKHOLM — Ericssons (NASDAQ: ERIC) focus on simplifying and stabilizing the business has during the three first quarters of 2018 resulted in stronger gross margins and a stabilizing topline. Focus has been on addressing underperforming areas while creating a strong platform for future growth. There has been solid progress in most portfolio areas.
In Segment Digital Services, that has yet to complete its turnaround, actions proceed according to plan with efficiency improvements, cost reductions and half of the identified 45 critical and non-strategic projects addressed to date. However, the Business Support System (BSS) area is not showing satisfactory progress jeopardizing Segment Digital Services overall profitability target for …
Read the full article at: https://www.lightreading.com/oss-bss/bss-(inc-billing-revenue-assurance)/ericsson-outlines-cost-of-restructuring-bss-business/d/d-id/748723