E*Trade joins push to extend trading hours

Article Abstract:

E*Trade Group, the on-line securities brokerage firm has decided to extend its trading hours. It, along with the stock trading network Instinet, wants to give small investors an opportunity to trade stocks after the normal exchange closing time. Another firm, Datek Online Holdings has been offering the same services for several week. Datek has been remaining open for an extra hour and thirty minutes each day. Other firms, including Morgan Stanley Dean Witter's Discover Brokerage along with the team of Wit Capital and America Online have also plans for extending their hours.

Security brokers and dealers, Securities Brokerage, Services, Stockbrokers, Securities industry, E*TRADE Financial Corp., EGRP, Electronic trading (Securities), Online securities trading

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A $5 billion revamping at Monsanto; job cuts to free funds for drug and seed lines

Article Abstract:

Monsanto Co. announced plans to raise $5 billion, cash it needs badly to help pay for recent acquisitions while it works to get more products out of the pipeline to market. Steps to be taken will be restructuring operations, reducing its workforce and selling more shares to the public. Ultimately, the company wants to become more of a biotech firm than a chemical firm. Restructuring operations will include selling some assets that will reduce the workforce by about 1,500, laying off about 1,000 more people and issuing $1 billion in new common stock.

Chemicals & Allied Products, Chemical Manufacturing, CHEMICALS AND ALLIED PRODUCTS, Planning, Finance, Chemicals, Chemical industry, Monsanto Co., MTC, Seeds

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Heinz to shed units and jobs in an overhaul

Article Abstract:

Even with sales last year of over $9 billion, H.J. Heinz Co. sales growth has been flat in recent years and the company plans to take pretty drastic steps to change that picture. One important move is the selling of Weight Watchers. Another is laying off possibly as much as 10% of its work force worldwide.

Comment:

Cost-cutting worldwide is the path to better sales growth

Food Manufacturing, FOOD AND KINDRED PRODUCTS, Food Products ex Beverages, Management, Food industry, Convenience foods, Food, H.J. Heinz Co., HNZ

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