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Procter & Gamble Plans More Job Cuts

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  • Description

    FBN's Diane Macedo breaks down late-morning market news.

  • Duration 0:55
  • Date

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This transcript is automatically generated

Hi everyone I'm.

I feel -- Fox Business break 139000.

Americans filed for first time benefits last week pushing jobless claims to their highest level in eighteen months.

The -- anyone as a factor in the last week's jump as storm at claims.

And already weakening job market in usually high number is the first full report following the presidential election and follows unusually -- numbers from before.

Procter & Gamble is planning more job cuts this time up to 4% of its non manufacturing staff.

This is on top of the 10% P&G has already announced as part of its restructuring and cost cutting efforts.

The company is also raising its stock repurchase to six billion dollars and update expects the cost of super.

I'm -- the top 150.

Million dollars insurance company says it more specific estimate is still pending.

And that's the latest from the Fox Business Network giving you the power -- --

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