Porsche, Facing Falling Profits, Plans to Cut 25% of Its Work Force
The German sports car maker once thrived in China and powered profits for its parent company, Volkswagen. Now it hopes to do more with less.


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The German sports car maker once thrived in China and powered profits for its parent company, Volkswagen. Now it hopes to do more with less.

The German sports car maker once thrived in China and powered profits for its parent company, Volkswagen. Now it hopes to do more with less.

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Midsize companies that employ millions of workers are now shedding jobs and relocating overseas to cut costs.
A walk in the cemetery led to Cornell researchers discovering an underground colony of bees with an estimated population of 5.5 million - one of the largest ev…

Goldman's identity as a trader's firm - one expected to perform in turbulent markets - makes any stumble in the division notable.

The luxury hotels pipeline hit a project record in the quarter, while across markets, Dallas led construction projects, according to data from Lodging Economet…

The company hit an all-time high earlier in December, and the stock is up more than 19% - outpacing the S&P 500's 17% advance.

Poland and other countries across Europe that found economic success in an era of collaboration are now facing a crumbling of international alliances.

The export-led industrial model that Germany has pursued for decades is now at a crossroads.
Bank of America upgraded shares of Autozone on Wednesday.

Changing technology, political turmoil and competition from China are cutting into profits and forcing carmakers to cut jobs and close factories.
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