Tag Archives: cuts

New Milford finance board cuts budget yet again

NEW MILFORD — The Board of Finance, in a series of budget amendments adopted Thursday night, rejected Mayor David Gronbach’s plan to offset a $1.5 million revenue miscalculation with measures including the sale of town properties. Instead, the board cut $968,000 from the town budget and $532,000 from the schools budget. The overall budget now stands at nearly $101 million, ... Read More »

ACA Repeal Would Mean Massive Cuts To Public Health, Leaving Cities And States At Risk

When the Affordable Care Act (ACA) was passed a little over six years ago, it brought with it the promise of health insurance for all Americans. It also sought to begin to shift the paradigm for health care in this country, emphasizing value over volume, and recognizing the importance of prevention coupled with appropriate access to care. By now, it ... Read More »

Awareness in kids lights up Diwali, cuts down the din

The pollution index in the city-state reached a maximum of 371 points, 71 points above the level considered “d… Read More If you thought Diwali festivities were a tad less noisy this year, it’s no figment of your imagination. This year’s celebration has indeed been less noisy as compared to the past few years, said activists across the city. And ... Read More »

Wall Street banks seen benefiting from Bank of England rate cuts

The Bank of England delivered a shocker to the market Thursday morning, and potentially a little bit of good news to banks. The decision by the central bank to cut interest rates from 0.5 percent to 0.25 percent might mean investors’ margins get crimped. But the British central bank’s renewed commitment to buying bonds could help banks around the world. ... Read More »

Caterpillar cuts Q1 earnings, revenue guidance

Justin Sullivan | Getty Images The CAT logo is displayed on Caterpillar construction equipment. Caterpillar on Thursday cut its first-quarter earnings and revenue guidance, but said it remains comfortable with its prior full-year forecast. Shares of Caterpillar fell more than 3 percent in premarket trading on the news. (Get the latest quote here.) The world’s largest construction and mining equipment ... Read More »

Valeant cuts 2016 revenue forecast

Shares of Valeant Pharmaceuticals tumbled on Tuesday after the company cut its 2016 revenue forecast by about 12 percent and said a delay in filing its annual report could pose a debt default risk. The stock closed down more than 51 percent on Tuesday. One of its big investors, Bill Ackman, said he is still confident in Valeant and he ... Read More »

ConocoPhillips cuts dividend; Who is safe?

Now that the first major oil company has slashed its dividend, what other energy companies could be planning to do so, and whose dividends are safe? ConocoPhillips on Thursday cut its quarterly dividend from 74 cents per share to 25 cents per share. “While we don’t know how far commodity prices will fall, or the duration of the downturn, we ... Read More »

Expect dividend cuts in big oil: Analyst

One analyst says that investors should expect dividend cuts in big oil after long-time industry leader Chevron reported a quarterly loss for the first time since 2002. “There will come a day where dividend is at risk and that day is today,” Oppenheimer senior analyst Fadel Gheit told CNBC’s “Squawk on the Street.” “Not only Chevron, but the rest of ... Read More »

DuPont forecasts higher 2016 earnings, helped by cost cuts

Chemicals and seed producer DuPont forecast higher 2016 earnings, helped by aggressive cost-cutting to offset continued pressure from a strong dollar and weakness in its farm business. The company forecast full year operating earnings of $2.95-$3.10 per share, including an expected benefit of 64 cents per share from its cost cutting and restructuring plan. Mike Blake | Reuters DuPont products ... Read More »

Glowforge printer cuts and etches patterns into almost any surface

This CO2 laser printer can cut and etch patterns into almost any type of material, from metal to leather to paper. Similar Hardware & Accessories View the transcript More CES 2016 CES 2016 Intel improves Compute Stick lineup with Core M chips (2:15) CES 2016 New app gives Zeiss’s VR One a drone’s eye view (2:20) CES 2016 Meet EVGA’s ... Read More »