Procter & Gamble plans to cut non-manufacturing jobs as it seeks to compete in what the company calls an "increasingly challenging environment."

Por MICHELLE CHAPMANProcter & Gamble recortará hasta 7.000 empleos en los próximos dos años mientras el fabricante del detergente Tide y los pañales Pampers implementa un

The American consumer giant also said it would trim its portfolio of brands.

SINGAPORE] Procter & Gamble (P&G) has so far stayed silent about how its planned reduction of about 15 per cent of its global non-manufacturing workforce over the next two years will affect its operations in Singapore.

A few of the biggest companies doing layoffs this year include Disney, which announced its fourth round of layoffs on June 2; Microsoft, which also announced in June that it would lay off 305 of its Washington employees;

Dragged down by negative returns for shares of Procter & Gamble and Walmart, the Dow Jones Industrial Average is down Thursday morning. I’m 57 with a $1.5M home and a $400K rental with a 7.4% mortgage. I’m getting a $375K check soon. My financial adviser told me not to pay off that loan with it. ‘I am not 100% convinced.’ Who’s right?

Stock futures were rising Thursday as investors turned their attention to U.S. jobs data, particularly the release Friday of the monthly payrolls report.These stocks were poised to make moves Thursday:Broadcom was up 1.