Afternoon Coffee: Boeing Cuts Thousands of Jobs, Foxconn to buy Sharp for $3.5B Kaitlyn McAvoy - March 30, 2016 12:29 PM | Categories: Afternoon Coffee | Tags: General News Boeing is cutting about 4,000 jobs from its commercial airplanes division — 1,600 of those workers have voluntarily elected to leave the company as part of a new program. The move is part of a larger effort by the plane maker to reduce costs and compete against Airbus Group. Foxconn will buy Sharp Corp. for about $3.5 billion. The deal is about $900 million less than Foxconn’s initial offer and reportedly due to the discovery of previously undisclosed liabilities at Sharp. Companies in the middle of a merger or acquisition can be targets for cyber attackers, according to a new report. Attackers reportedly look for clues that companies are about to merge or be acquired and strike when the firms are most vulnerable during consolidation, the report said. A new survey shows 75% of major suppliers of “soft goods” like clothing and accessories expect retail sales to grow 4% or more this year, significantly outpacing GDP growth. Nearly half also believe retail sales in 2016 will be better than 2015. SIGN UP for the Spend Matters newsletter Dirty Rotten Spendrels Discuss this: Cancel reply Your email address will not be published. Required fields are marked *Comment Name * Email * Website Notify me of follow-up comments by email. Notify me of new posts by email.