General Mills Inc. plans to eliminate 700 to 800 jobs as part of its cost-cutting plan to fight declining sales.
The Golden Valley-based food company revealed the layoffs late Tuesday in a filing with federal securities regulators. General Mills says the job cuts will primarily be in the U.S. - Full Article
EBay said on Tuesday that it would spin off its PayPal payments unit into a separate publicly traded company, taking a step the activist hedge fund magnate Carl C. Icahn first demanded nine months ago.
The move will cleave eBay almost in half, separating it from the payments processor it acquired 12 years ago and built into a giant that generates almost half of the company’s revenue. - Full Article