Over the past few months hefty layoffs have been announced at Kraft Heinz (KHC), Hewlett Packard (HPQ), Challenger and Whole Foods (WFM). Companies based in the U.S. cut 58,877 jobs in the month of September, up from 41,000 in August. According to reports it's been the worst quarter for layoffs in the last six years. The news comes just prior to the Labor Department's September jobs report. The computer sector looks to be leading the way in terms of cuts through September, with Hewlett Packard announcing its restructuring plans at the expense of 25 to 30 thousand employee positions. The energy sector reported the most job cuts for the year, shedding over 72 thousand positions in 2015. The unemployment rate in August was down from last year's numbers to 5.1 percent.
More from Video
CAG has hung onto the bulk of its recent gains, and could rise to the $50 area, according to the charts and indicators.
Breaking down an approach to the long side of this biotech stock.
AMSC CEO discusses that and China challenges.
One of pharma's biggest CEO's talks M&A action on the exchange.