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  • Lexmark cuts some in restructuring

    Lexmark International on Friday told a "very small number" of sales and marketing employees that their jobs would be eliminated by the end of the year, a spokeswoman said.

Analysts say Chrysler, GM must cut costs drastically

DETROIT — When Chrysler was near death and awaiting a government bailout in 1979, then-CEO Lee Iacocca ordered drastic spending cuts and required that all expenses of more than $1,000 be approved by a senior vice president.

ECONOMY
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Late-day sell-off is feverish

DES MOINES, Iowa — There was a time when thresholds meant something. The Dow Jones average sinking below 8,000 must mean the bottom is near. The S&P 500 falling 50 percent from its high must signal the end of the freefall.

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 Mortgage: Mike Warsop, BNC National Bank
JIM WARREN
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