Boston, MA 02/25/2014 (wallstreetpr) – JPMorgan Chase & Co. (NYSE:JPM) will time an additional 2,000 jobs from its ranks to join the 13,000 or 15,000 jobs that had been planned for elimination. The company is taking additional workforce reduction is the demand for mortgage refinancing continues to decline and banks turning to technology instead of humans to save costs. Mortgage refinancing is a common problem that has gripped many lenders in the U.S. not just JPM. Similarly, banks are adopting technology to run their operations, thus leading to shutdown of brick and mortar branches and need for small human workforce. JPMorgan Chase & Co. (NYSE:JPM) has been trimming its employee count and reducing physical presence over the recent past years. The same strategy can be seen in other banks such as Bank of America Corp (NYSE:BAC).
Hewlett-Packard Company (NYSE:HPQ) is among the technology companies that are utilizing the ongoing Mobile World Congress in Barcelona to boast of their developments. The company has left no stone unturned with its latest showcase of a laptop that is also a tablet at the same time. Pavilion x360 is device that is both laptop and tablet and it comes at amazingly attractive price – just $399 for start. That means that while it resembles Yoga devices from Lenovo, price sets them apart. It can be said that Meg Whitman has been taking a lot if yoga lessons these days, it is clearly that the CEO is interested in bringing to the market just the very things that people want. And then all that boils down to one thing which is speedy turnaround for the troubled Hewlett-Packard Company (NYSE:HPQ). The company recently announced surprisingly good results and everyone now agrees that a new dawn is possible.
Sprint Corporation (NYSE:S) which has put forward request to take over T-Mobile US Inc. (NYSE:TMUS) was enjoying its day on the browser in the last trading session. The ticker escalated to $8.54 and touched a low of $8.32 before settling at $8.40 with a 1.3 percent gain. The stock however continues to trade significantly below its 52-week high which is $11.47. The $32.60 billion market valued Sprint Corporation (NYSE:S) hopes that it will be able to add TMUS to its portfolio to better compete against well endowed rivals AT&T Inc (NYSE:T) and Verizon Communications (NYSE:VZ).
