WestLB rescue to cost 1,300 jobs
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The rescue plan for the stricken German regional bank WestLB will cost at least 1,300 jobs.
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Up to 10,000 jobs could be created and 1,400 homes and a shopping centre built to renovate part of Birmingham.
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International Business Machines Corp. said yesterday it will pay at least $300 million to settle part of a lawsuit that claimed the firm's pension plan discriminated against older workers.
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London hospitals will get more than $1.5 million to fix their buildings as part of a $60-million announcement yesterday by the province.
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About 1,000 jobs will go at Morgan Stanley as the US bank cuts back its home lending business.
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RALEIGH, NC -- Progress Energy says it will take nearly $300 million to restore downed electrical lines, splintered utility poles and blasted transformers in hurricane-ravaged Florida.
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LONDON The British Broadcasting Corporation has announced a major cost-cutting move, eliminating about 29-hundred jobs or more than a-tenth of its work force.
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Bank of America Corp. (BAC.N: Quote, Profile, Research) , which suffered bad publicity over layoffs at former Fleet branches, on Friday said it will move an additional 300 jobs to Boston next year.
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Clothing group Peacocks announces it will create 1,300 jobs - 150 of them in Wales - after a rise in profits.
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By Katherine Tam, Contra Costa Times, Walnut Creek, Calif.  Dec. 15--Garbage rates could go up in Danville, Lamorinda and Walnut Creek to cover a $1 million shortfall.
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An additional 3 percent of staff positions will be "offshored" as part of the company's $1.5 billion cost-cutting drive.
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The San Diego-based maker of data storage products said in a statement that it plans to cut 145 regular and temporary personnel worldwide, and will incur restructuring charges of between $5 million and $7 million.
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Amazon.com collected more than $1,300 a minute for tsunami and earthquake relief efforts in South Asia after calling for donations on its Web site.
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As stagnant sales end a streak of record profits, the company said it expected about 300 workers to take buyouts.
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The bond insurer is raising $1 billion in an effort to stay afloat.
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In a move that will eliminate 300 positions, Washington Gas Light said yesterday it had hired an outsourcing firm to handle information technology, customer service and other back-office duties.
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The business racked up nearly $1 billion in losses since 2001.