Lilly cost-cutting to include 425 more positions
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Indianapolis-based pharmaceutical firm says it will also close a research facility in North Carolina in effort to reduce drug prices.
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The drugmaker said it is weighing cost cuts that could eliminate 10 percent of its work force over a three-year period.
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Swiss drugs firm Novartis says it is cutting about 2,500 global jobs in a bid to cut costs.
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Wal-Mart announced Monday that it plans to open or expand up to 45 of its flagship discount stores and up to 250 Supercenters in the United States next year.
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Wal-Mart Stores Inc.  said on Monday it will cut prices on more than 16,000 items in its stores and launch a new ad campaign as the world's largest retailer tries to reinvigorate sales for the back-to-school shopping season.
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Drug wholesaler Cardinal Health Inc. (CAH.N: Quote, Profile, Research) said on Monday it would cut 4,200 jobs, or 7 percent of its work force, and close 25 facilities
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Cardinal Health's deal with Lilly suggests the new fee-for-service model is gaining traction.
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The British oil giant said it would cut an additional 5,000 jobs by the middle of next year in an effort to slim management and make the company more efficient.
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NEW YORK, December 9  - Eli Lilly and Co (LLY.NYS) guided to earnings growth in 2005 today, driven by the accelerating sales of its newer drugs.
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Drug wholesaler Cardinal Health Inc.  CAH.N said on Monday it would cut 4,200 jobs, or 7 percent of  its work force, and close 25 facilities around the world as  part of a plan to reduce costs.
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Drug wholesaler Cardinal Health Inc. Monday set a three-year restructuring plan that involves cutting jobs, closing 25 facilities and buying back $500 million in stock.
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Cardinal Health Inc., a medical products and services company, plans to cut 4,200 jobs, or about 7 percent of its work force, and close 25 offices as part of a three-year restructuring plan, the company said Monday.
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Left-hander Ted Lilly and the Chicago Cubs reached a preliminary agreement Wednesday night on a four-year contract worth about $40 million.
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Asset manager Putnam Investments on Monday said it planned to cut roughly 100 jobs to be more competitive. Putnam&#39;s corporate parent Marsh &amp; McLennan Cos.
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Cosmetics giant Avon is to cut 2,400 jobs as part of its multi-year restructuring programme.
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The company said it planned a major job shift to cut costs, saying the reorganization will affect 1,650 jobs, or nearly 12 percent of its work force.
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Merck &amp; Co. plans to cut its workforce by 5,100 jobs by the end of the year--about 700 more than originally planned. Whitehouse Station, NJ-based Merck said in materials filed with the Securities and Exchange