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News Breaks
January 31, 2013
07:04 EDTHARHarman reducing 500 jobs, to possibly cut additional 500
Harman said it is implementing restructuring initiatives, which it expects will improve the company’s operating performance. The company will reduce approximately 500 jobs in high cost countries, resulting in annual operational savings of approximately $30M-$35M beginning in fiscal year 2014. The company expects to record a restructuring charge of approximately $30M-35M in the second half of FY13. Harman said it is also evaluating the sale or closure of a manufacturing site in Europe, which would reduce an additional 500 jobs.
News For HAR From The Last 14 Days
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January 29, 2015
14:39 EDTHARHarman hits fresh 52-week high, levels to watch
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12:54 EDTHAROn The Fly: Midday Wrap
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08:06 EDTHARHarman announces strategic collaboration with Baidu
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08:05 EDTHARHarman raises FY15 operational EPS view to $5.85 from $5.25
Consensus is $5.23. Still sees FY15 revenue about $6B, consensus $5.94B. The company now forecasts operational EBITDA of $715M.
08:02 EDTHARHarman reports Q2 EPS ex-items $1.79, consensus $1.28
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January 22, 2015
08:16 EDTHARHarman to acquire Symphony Teleca for base purchase price of $780M
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08:14 EDTHARHarman to acquire Red Bend Software for $170M
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January 20, 2015
07:03 EDTHARCEVA-Harman FANCI Project granted funding from Horizon 2020
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