Ask Michael Burke Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Ask Michael Burke

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Knighty Tin who wrote (33032)	9/28/1998 10:09:00 PM
From: Joseph G.	Read Replies (1) of 132070

Seems all bankers stopped shaving because of that nonexistent (as Easy Al and Blue Sky Bob told us) crisis -g- <<BOSTON, Sept 28 (Reuters) - Consumer product giant Gillette Co. (NYSE:G - news) on Monday blamed the international banking crisis, interest rates, a massive reorganization and huge start-up costs for its new razor for a poor third-quarter showing. The leading maker of razor blades, shaving cream, Oral-B toothbrushes and Duracell batteries announced widespread layoffs of 4,700 jobs or 11 percent of its 43,000 workers, the shuttering of 14 factories, 12 warehouses and some 30 offices in a move that it says will allow it to better manage its business in the next century. The moves will result in a pretax charge of $535 million or $350 million after taxes or about $0.30 per share, essentially wiping out its third quarter profits.>>

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next