ADVFN - Advanced Financial Network.
HOME» NYSE » T » TMO Stock Price » TMO Stock News

Thermo Electron Share News

 Thermo Fisher Scientific Stock Price
TMO Stock Price
 Thermo Fisher Scientific Stock Chart
TMO Stock Chart
 Thermo Fisher Scientific Stock News
TMO Stock News
 Thermo Fisher Scientific Company Information
TMO Company Information
 Thermo Fisher Scientific Stock Trades
TMO Stock Trades

T-Mobile Cutting More Jobs, Plans Further Operational Shuffling

By Greg Bensinger Of DOW JONES NEWSWIRES NEW YORK -(Dow Jones)- T-Mobile USA will pare 900 jobs, its second round of cuts in two months, following 10 consecutive quarters of contract user losses, even as some rivals are boosting their customer rolls. T-Mobile, with about 36,000 employees, in March said it would trim 1,900 jobs and close seven call centers to help preserve funds for a $4 billion network upgrade to a high-speed mobile broadband network known as 4G LTE. Bellevue, Wash.-based T-Mobile lost 510,000 of the lucrative contract users last quarter, which it said was partly due to it not yet offering the Apple Inc. (AAPL) iPhone. The carrier continues to wrestle with the fallout from the failure of its deal to be taken over by AT&T Inc. (T) for $39 billion last year. T-Mobile put strategic plans on hold for nearly a year, while competitors sought out new wireless airwaves, and the carrier has said that it doesn't expect to be net positive on contract customer gains until at least 2013. "We are restructuring the organization and optimizing operations so that we can make critical decisions better and faster," the company said in an e-mailed statement. "By reducing our cost structure and streamlining operations, T-Mobile will be able to invest in areas where we anticipate the strongest return." A spokeswoman said the cuts wouldn't impact the remaining 17 call centers, engineers, technicians or salespeople in T-Mobile retail locations. T-Mobile parent Deutsche Telekom AG (DTEGY, DTE.XE) has discussed potential combinations with other U.S. carriers, including MetroPCS Communications Inc. (PCS), though no deal is imminent and there are no exclusive negotiations between the two, people familiar with the matter say. The company has said it is considering selling some of its cell towers to raise funds. AT&T ended its bid to take over T-Mobile in December after facing resistance to the deal from the Justice Department, the Federal Communications Commission, state attorneys general and some competitors. -By Greg Bensinger, Dow Jones Newswires; 212-416-4676; greg.bensinger@dowjones.com

Stock News for Thermo Electron (TMO)
DateTimeHeadline
04/24/201517:10:27Statement of Changes in Beneficial Ownership (4)
04/23/201521:17:20Higher Prices Fail to Salvage Profits
04/23/201516:57:00Statement of Changes in Beneficial Ownership (4)
04/23/201509:28:14Thermo Fisher Scientific's "Buy" Rating Reiterated at Cantor...
04/23/201509:22:11Thermo Fisher Scientific's "Neutral" Rating Reiterated at BTIG...
04/22/201507:50:39Thermo Fisher Sees Lower 2015 Sales on Stronger Dollar
04/22/201507:36:47Thermo Fisher Sees Lower 2015 Sales on Stronger Dollar -- Update
04/22/201507:19:29Current Report Filing (8-k)
04/22/201506:30:11Thermo Fisher Sees Lower 2015 Sales on Stronger Dollar
04/22/201506:00:00Thermo Fisher Scientific Reports First Quarter 2015 Results
04/20/201508:00:00Thermo Fisher Scientific Announces Next-Generation Sequencing...
04/20/201503:49:09Horizon Discovery Group Signs Tie-Up With Thermo Fisher
04/15/201517:23:30Statement of Changes in Beneficial Ownership (4)
04/15/201517:19:07Statement of Changes in Beneficial Ownership (4)
04/13/201516:31:58Annual Statement of Changes in Beneficial Ownership (5)
04/07/201516:30:00Thermo Fisher Scientific to Hold Earnings Conference Call on...
04/07/201508:33:36Additional Proxy Soliciting Materials (definitive) (defa14a)
04/07/201508:31:51Proxy Statement (definitive) (def 14a)
04/02/201516:47:33Statement of Changes in Beneficial Ownership (4)
04/01/201517:33:32Statement of Changes in Beneficial Ownership (4)

Thermo Electron and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad