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Stock Market & Financial Investment News

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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October 30, 2014
12:59 EDTHAROn The Fly: Midday Wrap
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07:08 EDTHARHarman reports Q1 EPS $1.31, consensus $1.11
Reports Q1 revenue $1.43B, consensus $1.36B.
07:07 EDTHARHarman names Sandra Rowland as CFO, effective January 1
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07:07 EDTHARHarman authorizes $500M, three year share buyback program
October 29, 2014
15:41 EDTHARNotable companies reporting before tomorrow's open
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October 23, 2014
08:28 EDTHARHarman risk/reward attractive, says Pacific Crest
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