Nov 3rd, 2009 - Bloomberg
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Nov. 3 (Bloomberg) -- Johnson & Johnson, the world’slargest health-products company, will fire more than 7,000workers as consumers cut spending on items ranging from drugs toskin care amid the global recession.
J&J will shrink its 117,000-member workforce by 6 percentto 7 percent, the New Brunswick, New Jersey-based company saidtoday in a statement. The cuts will save as much as $1.7 billionby 2011, the company said.
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Microsoft Announces 800 Layoffs Wednesday
Nov 4th, 2009 - Wall Street Journal
SAN FRANCISCO (Dow Jones)--Microsoft Corp. (MSFT) announced 800 layoffs Wednesday, expanding the scale of a cost-reduction program it announced at the beginning of the year. Redmond...
Molson Coors profit tops view, volume slips
Nov 4th, 2009 - Reuters
* Q3 adjusted EPS $1.14 vs analysts' view $0.98 * Beer volume down 2.9 pct, softness expected to continue * Worldwide Coors Light volumes down slightly * Shares drop 7 percent (Adds CEO and analyst comments...
Are the Microsoft layoffs over now?
Nov 4th, 2009 - ZDNet
When Microsoft announced in January that the company was cutting 5,000 jobs, it wasn't clear how many waves it would take to realize that count. It looks like the cuts aren't done yet...
Economy in US Expands for First Time in a Year
Oct 29th, 2009 - Bloomberg
Oct. 29 (Bloomberg) -- The U.S. economy grew in the thirdquarter for the first time in more than a year, propelled bystimulus-driven gains in consumer spending and home building.ConocoPhillips shifts to a leaner strategy
Oct 29th, 2009 - Houston Chronicle
ConocoPhillips CEO James Mulva signaled a dramatic shift in course for the nation's third-largest oil company Wednesday, saying that after years of bulking up through acquisitions...
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