DiData subsidiary lays off staff, insists action is not group strategy
Dimension Data company Auto-Mate is in the midst of a rationalisation procedure. Auto-Mate management says the job cuts are isolated and not indicative of overall group strategy.
Automotive electronics group Control Instruments has seen a drop in its headline earnings per share for the year to December, largely due to its exposure to technology ventures.
The finance arm of Ford Motor has sold $750 million of three-year notes, but the company says its first foray into Internet bond auctions did not draw the demand anticipated.