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News Breaks
June 17, 2014
10:49 EDTAMSC, KMR, FDS, DXM, AFFX, CBSOHigh option volume stocks:
News For DXM;KMR;CBSO;FDS;AMSC;AFFX From The Last 14 Days
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December 16, 2014
07:07 EDTFDSFactSet reports Q1 ASV up 8.5% to $970.2M
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07:06 EDTFDSFactSet sees Q2 EPS $1.35-$1.37, consensus $1.34
Sees Q2 revenue $244M-$2.48M, consensus $245.01M.
07:05 EDTFDSFactSet reports Q1 adjusted EPS $1.32, consensus $1.32
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December 15, 2014
15:21 EDTFDSNotable companies reporting before tomorrow's open
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December 11, 2014
12:12 EDTDXMDex Media announces organizational restructuring, workforce reduction
Dex Media announced sweeping changes designed to reorganize and refocus the company. These changes will result in run-rate annual structural savings estimated between $130M-$150M. The savings will ramp up over the first eight months of 2015, with $90M-$110M to be realized within the year. One-time cost to achieve is expected to be in the range of $70M-$100M, the majority expensed by the end of 2015. Management also expects to identify further expense reductions in 2016 and beyond. With the cost savings and sales enhancement changes implemented today, the company expects to begin deleveraging within 2016. All areas of the company are affected by the changes. Major strategic changes impacting the cost structure include the following: Launch of the virtual sales office. Sales reps will be equipped to perform all work with wireless technology, without need for a physical sales office, so they can spend more time with clients. This will enable elimination of all field sales offices. Automation of the sales process, enabling a paperless environment where orders will flow through to fulfillment untouched by human hands. Integration of systems to eliminate duplication left over since the merger of Dex One and SuperMedia. This will enable streamlining of product portfolios and a material reduction in personnel. Variabilizing the print cost structure to enable directory costs to change in lock step with decreases in consumer usage, in addition to the structural cost savings mentioned above. Today’s changes included planned workforce reductions and job reassignments through 2015 that will impact approximately 1,000 employees or 25% of the company’s employee base, including 350 field sales representatives. The company also de-layered its sales organization by eliminating a layer of management and allowing these experienced sales professionals to return to the field. Additional reductions occurred in the company’s administrative, sales support, field marketing, publishing, distribution, and technology organizations. The redesign of the company’s search portals, and, will be seen in the first quarter of 2015. Redesigned print directories with attractive new covers and larger interior text will launch in the second quarter of 2015.
December 8, 2014
07:26 EDTAFFXLeerink to hold a tour
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