Robert H. Smith School of Business
The Motley Fool

Market Foolery Featured Podcasts

  • MarketFoolery 10.23.2014
    Caterpillar and Tractor Supply rise on the combination of good earnings and low expectations.  On the flip side, Under Armour’s expectations could hardly be higher.  We analyze those stocks and dip into the Fool Mailbag.
  • MarketFoolery 10.22.2014
    Yahoo’s 3rd-quarter profits surprise Wall Street.  Plus we discuss the possibility of a conspiracy in the oil industry, the investing acumen of journalist Bob Woodard, and why Coca-Cola’s bottlers are a great leading indicator for Coca-Cola’s stock.
  • Market Foolery 10.21.2014
    Apple, McDonald’s, Coca-Cola and Chipotle report their latest results.  We analyze their earnings and offer stock ideas to Warren Buffett.
Capital Business
Posted at 03:37 PM ET, 03/18/2013

Lockheed cutting nearly 250 mid-level managers

Bethesda-based Lockheed Martin said Monday that nearly 250 employees will depart after accepting voluntary layoff offers.

The contractor’s Gaithersburg-based information systems unit offered the initiative to about 4,000 mid-level managers in February. The company said this week that 260 employees offered to leave and 243 were approved.

All of the employees who applied were notified whether or not they were accepted by March 8; accepted employees are slated to depart on March 22.

“We are not planning additional layoffs at this time, though we will continue to evaluate our workforce needs given today’s budget environment,” a company spokeswoman said in a statement.

The layoff program was just the most recent move among government contractors to trim their workforces as government spending declines.

At the time of the announcement, Lockheed said in a statement that the “reduction in force is designed to best position the business to remain competitive and operationally efficient, providing the most affordable solutions to our customers.”

By  |  03:37 PM ET, 03/18/2013

 
Read what others are saying
     

    © 2011 The Washington Post Company