State Street says it will cut 425 jobs
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State Street Corp. said it will eliminate 425 jobs as a cost-cutting move after the financial firm yesterday reported a weak third quarter in which earnings fell 13 percent because of a sharp drop-off in lending and trading activities in securities markets.
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Hershey co.  on Thursday said it would cut about 1,500 jobs and reduce the number of production lines it operates by more than a third as it tries to streamline manufacturing to improve profits.
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Sprint Nextel , the No. 3 U.S. mobile service, said on Friday it would cut about 4,000 jobs within the company, close 125 stores and reduce its use of outsourced services to improve its financial performance.
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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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IndyMac Bancorp Inc , one of the largest U.S. mortgage lenders, said on Tuesday it is eliminating 2,403 jobs, or 24 percent of its workforce, to cope with deteriorating housing and capital markets.
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Bank of America says it is to cut about 3,000 jobs as it restructures its loss-hit investment bank division.
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Cardinal Health Inc. will cut 4,200 jobs, or 7 percent of its work force, as part of a three-year restructuring plan outlined Monday by the Central Ohio health-care products and services provider.
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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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Financial companies slashed 52,500 jobs from July to December 2007, revealing how badly the subprime debacle has hurt these employers, but such companies based in New York City hired 1,900 people during that period, a new report said on Wednesday.
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Banking giant HSBC is to close part of its US sub-prime mortgage business, cutting 750 jobs in the process.
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Bank of America Corp. BAC.N will cut  an additional 4,500 jobs from its ranks, increasing the number  of jobs lost since its FleetBoston Financial acquisition by 36  percent to 17,000.
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Cardinal Health Inc. said it will cut 4,200 jobs as part of a three-year restructuring plan aimed at boosting annual earnings by $500 million.
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NEW YORK -- American Express Co. Friday said it will cut 2,000 jobs, or 2.5 percent of its work force, in a restructuring designed to save more than $75 million a year before taxes.
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IndyMac Bancorp Inc , one of  the largest U.S. mortgage lenders, said on Tuesday it is  eliminating 2,403 jobs, or 24 percent of its workforce, to cope  with deteriorating housing and capital markets.
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P&amp;O says it will cut up to 1,200 jobs and slash services as part of a review to reduce costs at its loss-making ferries business.
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State Street Corp.'s cross-town acquisition of Investors Financial Services Corp. for $4.5 billion will mean the loss of about 1,700 jobs, or 6.5 percent of the combined company's workforce, in the first 18 months after the merger, executives said yesterday.
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Bank of America Corp., which operates 25 branches in San Antonio, plans to cut about 2.5 percent, or 4,500 jobs, from its work force.