Which are the some of the famous company that are running in losses
Answers
Jet airways
makemytrip
swiggy
Answer: The companies which are running in loss are :
Hewlett-Packard
Boston Scientific
Alpha Natural Resources
Explanation:
Hewlett-Packard - Meg Whitman inherited the company which was running in loss since 2011 and it is still continuing with the fall of rate @ 7%, it is already laid off to 29000 employees over 3 years. HP had to take an $8.8 billion charge after “serious accounting improprieties”
Boston Scientific : sluggish economy caused people to delay medical procedures and governments to cut spending on healthcare, the sales has been declined by 5% since last year due to the sluggishness in the economy which cause the patients to move to another medicine producing company.
Alpha Natural Resources :
A coal best energy producing company which is the United States largest coal producing company which went to decline and shutdown of many coal mines due to the decline in the demand of coal and coal power energy costs the company decline 80% of its sales.