Archive for February 2nd, 2009

The department-store operator is expected to announce plans to consolidate its regional operating divisions, and could lay off up to thousands of workers, a report says.
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Reports have the British drugmaker cutting 6,000 to 10,000 jobs.
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China’s main index bucked the trend rising 1.1% on a report the government is considering new steps to boost growth.
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The insurer is in discussions for the the U.S. government to backstop some of its troubled assets and is considering selling units through initial public offerings, a report says.
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The deal under discussion could significantly raise Chinalco’s share of Anglo-Australian miner Rio Tinto.
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The automaker is pressing Congress to waive a tax liability of as much as $7 billion related its overhaul., say reports. The bill could be enough to force the company into bankruptcy.
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