NEW YORK (CNN) -- CNN Money's Maribel Aber has your top business and financial news on this Thursday, November 7.
Acxiom 2Q earnings drop 40 percent; company plans to cut costs
Acxiom Corp. of Little Rock on Wednesday posted earnings of $9.86 million, down about 40 percent from the same time last year, and said it plans to cut its annual cost base "between $20 million and $30 million over the next 6 to 12 months." The publicly traded data miner (Nasdaq: ACXM) saw profit drop from the $16.3 million it recorded in the same quarter 2013. Diluted earnings per share were down as well, at 13 cents compared to 21 cents in the same quarter last year. Quarerly revenue was flat, at $276 million from $277 million last year.
Wal-Mart works on 'green roofs' with Portland State Univeristy
Wal-Mart Stores Inc. of Bentonville is taking green building to a higher level. The roof. The world's largest retailer is working with Portland State University to build a green roof research site on top of Wal-Mart's new store in North Portland. Yep, Wal-Mart has a green roof project in Chicago, as well. In fact, Arkansas Business wrote about it waaay back in 2004, part of a story on how Wal-Mart was adapting its stores to different cities. At the time, Wal-Mart was the first "big-box" retailer to take part in a Chicago program that encourage green roof projects.
Starbucks to hire 10,000 vets and military spouses
Starbucks is the latest big company to announce an aggressive push to hire veterans returning to the civilian work force. The Seattle-based coffee chain said on Wednesday that it will hire 10,000 veterans and military spouses over the next five years. Starbucks chief executive Howard Schultz said his company also plans to open five stores on or near military bases that will share their profits with the local communities. And, he added, "as a small gesture," all vets and their spouses will get a free tall brewed coffee on Veteran's Day.
World's 10 worst cities for traffic
Here's a sad statistic: the average driver loses eight working days a year due to congestion, according to a new report on global traffic by GPS manufacturer TomTom. But spare a thought for Moscow drivers. TomTom's latest traffic index ranks Moscow as the worst of 169 cities around the world for traffic jams. Journeys during the morning rush hour in the Russian capital take more than twice as long as those during less busy periods.