HP plans as many as 16k additional job cuts
Hewlett-Packard may eliminate up to 16,000 positions as part of its latest round of restructurings. The layoffs, which could affect as few as 11,000 positions, would constitute 3% to 5% of the company’s workforce and bring the total number of jobs eliminated under CEO Meg Whitman to 50,000. One analyst told Reuters: "You do worry if there’s a finality to this process, or if it’s an ongoing thing that may affect morale at the end of the day. So far the trend has been worrisome."
Mavericks owner Cuban apologizes for race discussion
Entrepreneur Mark Cuban, the owner of the NBA’s Dallas Mavericks, apologized late Thursday for remarks he made in an interview that aired earlier this week saying all people have some prejudices. Two types of people he said he would avoid were "a black kid in a hoodie" and a "white guy, bald head, tattoos everywhere." On Thursday, he apologized to the family of slain teenager Trayvon Martin, who was killed in a Florida neighborhood in February 2012 while wearing a hoodie, saying he should have used better examples.
Car-wax brands spar over #reflectie campaign
Turtle Wax and smaller UK-based rival Dodo Juice are pointing fingers over similar campaigns launched within days of each other that both use the term "reflectie" to capitalize on the selfie craze. Turtle Wax, which works with Zeno Group, has pointed out that it filed for a trademark for #reflectie before either effort launched, while Dodo Juice and partner Accelerate PR say they went to market with the term first.
McDonald’s CEO defends wages, marketing to kids
As protesters massed outside its annual meeting, McDonald’s CEO Don Thompson defended his company’s salaries, saying, "We believe we pay fair and competitive wages." Critics also questioned whether the chain’s marketing towards children is predatory. One speaker at the meeting, mother Casey Hinds of Louisville, Kentucky, said mascot Ronald McDonald is the "Joe Camel of fast food."