$CVX said to date it has reduced its employee headcount by more than 4,000 relative to year-end 2014. The company is on target to achieve approx. 8,000 total employee reductions by the end of 2016. $CVX is also on target to reduce its contract workforce by about 6,500 from 2014 levels.
Healthcare and security technology company $ALOG posted
higher 1Q17 results, helped by higher revenue and lower cost of sales in
Engineering segment. For the quarter, net income rose 83.33% to $2.53MM or
$0.20 per share from $1.38MM or $0.11 per share a year ago. Revenue rose 5.36%
$121.12MM. Excluding items, $ALOG earned $0.43 per share.
$TSN said Jeffrey Schomburger, Global Sales Officer for $PG, has been selected as a new independent director on the $TSN board, effective Dec. 5, 2016. The board is expanding from 10 to 11 members, and Schomburger will be one of 8 independent directors.