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The most-read business stories in 2020


April 10
Mayo Clinic is not just faced with an enormous health crisis. Now, there is an economic crisis, too very likely the biggest such challenge Mayo has faced since the Great Depression.
Income has plummeted as Mayo has turned its attention from regular business to the worldwide COVID-19 pandemic. Today, the clinic is rolling out a plan of spending reductions, including payroll cuts, that will directly affect about one-third of Mayo s70,000 employees across all of its sites, including Mayo Clinic Health System sites and the campuses in Rochester, Florida and Arizona.
The plan is designed to bring down a $3 billion loss that financial projections show would occur by year-end without any adjustments, and to do it without lowering the quality of care, research and education Mayo provides. No layoffs are planned. ....

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Worthington Industries Inc (WOR) Q2 2021 Earnings Call Transcript


Operator
Good afternoon and welcome to the Worthington Industries Second Quarter Fiscal 2021 Earnings Conference Call. [Operator Instructions] This conference is being recorded at the request of the Worthington Industries. If anyone objects, you may disconnect at this time.
I would now like to introduce Marcus Rogier, Treasurer and Investor Relations Officer. Mr. Rogier, you may begin.
Marcus A. Rogier
Treasurer & Investor Relations Officer
Thank you, Amy. Good afternoon, everyone, and welcome to Worthington Industries second quarter fiscal 2021 earnings call. On our call this afternoon we have Andy Rose, Worthington s President and Chief Executive Officer; and Joe Hayek, Worthington s Chief Financial Officer. Before we get started, I d like to remind everyone that certain statements made today are forward-looking within the meaning of the 1995 Private Securities Litigation Reform Act. These statements are subject to risks and uncertainties that could caus ....

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