Masco to Cut Jobs After Quarterly Loss
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The Masco Corporation, the maker of Behr paint and Delta faucets, posted its first loss in five years and is laying off about 16 percent of its work force as a result of a slump in the housing market.
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Colgate-Palmolive Co. CL.N will cut  about 4,400 jobs, or 12 percent of its work force, and close  nearly a third of its factories under a restructuring, the  consumer products company said on Tuesday.
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Morgan Stanley  will slash more than 1,000 jobs in the coming week, trimming costs ahead of what it expects will be a tougher business environment, a person briefed on the moves said on Thursday.
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Media company Belo Corp. said yesterday that it will cut 250 jobs, mostly at its Dallas newspaper and TV station. A company spokesman said cuts will be made across Belo&#39;s operations,, though
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Marsh & McLennan Cos. MMC.N, the  insurance broker at the center of a bid-rigging scandal, on  Tuesday said it will lay off 3,000 employees, or 5 percent of  its work force.
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Electrical systems maker American   Power Conversion Corp. APCC.O said on Friday it will cut 4   percent of its global work force, or about 330 jobs, as part of   an ongoing cost-cutting bid.
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New management of Take-Two  Interactive Software Inc.  said it would cut jobs and  costs as the publisher of the popular &quot;Grand Theft Auto&quot; video  games on Monday posted its sixth quarterly loss in a row.
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General Motors Corp  on Tuesday  posted a quarterly loss reflecting a slump in its North  American market and losses at former finance subsidiary GMAC.
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Colgate-Palmolive said that it would close about a third of its factories and cut more than 4,400 jobs over the next four years.
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Marsh &amp; McLennan, the insurance broker grappling with allegations of fraud, yesterday announced plans to cut 3,000 jobs and reported a fall in third quarter profits of more than 90%.
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Marsh & McLennan Cos. MMC.N on   Friday said it will cut 750 jobs and take a $225 million charge   in its second cost-cutting plan in two years in a bid to save   $350 million annually.
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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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Building products maker Masco Corp.   MAS.N on Wednesday warned that 2006 earnings would be lower   than expected, blaming falling U.S. housing starts.
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SBC Communications SBC.N will cut  10,000 jobs from its workforce through the end of 2005 using  attrition and involuntary cuts, the company said in a filing  with U.S. market regulators on Friday.
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The company said fourth-quarter net profit fell 42 percent to 5.6 billion kronor ($880 billion) and announced it would cut 1,000 jobs as part of a cost-cutting strategy.
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NEW YORK : US insurance giant Marsh and McLellan Co., facing a lawsuit for allegedly rigging bids, announced it is cutting about 3,000 jobs, five percent of the global staff.
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Marsh &amp; McLennan, the US insurance broker being sued for alleged price fixing, is to cut 3,000 jobs as it faces a sharp decline in its revenues.