Mellon maps a future that will include layoffs

Article Abstract:

Mellon Bank Corp is creating a new style of banking for themselves, by creating a narrower focus. The focus would be on selling investments, loans, deposits and insurance. Included with their new stategy is the layoff of many employees in local Mellon Banks. Employees will be given an aptitude test to see if they 'fit' Mellon's new bank of the future.

Commercial Banks, Commercial Banking, Strategy & planning, Labor force information, Mellon Bank Corp.

---

Safeguard posts loss of $219 million in 4th quarter

Article Abstract:

Safeguard Scientifics Inc. is still investing millions in private companies while decreasing costs in an attempt to meet its obligations until the stock market gets better. The firm posted a loss of $219 million in the fourth quarter and $212 million in the full year.

United States, Diversified Companies, Sales, profits & dividends, Safeguard Scientifics Inc., SFE

---

Similar abstracts:

• Abstracts: Saying it may seek bankruptcy, Vlasic crisis mounts. Vlasic posts quarterly loss of $148.9 million. Boeing gets contract for 13 copters
• Abstracts: Vlasic continues its string of losses. Leveraged-buyout firm bids $370 million for Vlasic. Nonunion Vlasic workers lose jobs
• Abstracts: Plight of uninsured has far-reaching costs. Airport parking crunch to ease. Skepticism at airport hearing
• Abstracts: Reform, one bank advises another. For bank, hazards attend big clout
• Abstracts: Settlement is reached by Wyeth and U.S. FDA seizes Wyeth drugs, citing quality standards. Aramark Tower sale postponed

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.