Hillenbrand Lowers &#39;04 Outlook, Cuts Jobs
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Hillenbrand Industries Inc., one of the nation&#39;s largest casket makers, lowered its fiscal 2004 earnings outlook on Thursday because of increased raw material costs, the lower US death rate and higher cremation rates.
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Williams-Sonoma Inc  reported a 0.4  percent fall in holiday sales at its stores open at least a  year and cut its fourth-quarter forecast, hurt by weak sales in  its home furnishings businesses.
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Stock futures trimmed gains on Thursday after government data showed an unexpected decline in orders for durable goods and a fall in jobless claims that was smaller than expected.
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The company said fourth-quarter net profit fell 42 percent and announced it would cut 1,000 jobs as part of a cost-cutting strategy.
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AmerisourceBergen Corp.  on Wednesday lowered its fiscal-year earnings forecast because of lower-than-expected drug price increases, fewer product deals from drug companies and fewer alternative sources of supply in the December quarter.
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Shares fall as company warns on global economy, 4Q forecast misses analysts&#39; estimates by 2 cents. CHICAGO  - Diversified manufacturer 3M Co.
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British pharmaceutical giant GlaxoSmithKline said Wednesday it would cut jobs and costs as it blamed a fall in third-quarter profits on sliding sales of controversial diabetes drug Avandia.
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AKRON, Ohio Sept. 10, 2004 - Goodyear Tire &amp; Rubber Co. said Friday it will eliminate 340 jobs in its engineered products and chemical businesses to reduce costs.
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Costco Wholesale Corp. , which sells discounted goods to 47 million members, lowered its profit forecast after it cut prices on electronics. Shares fell 4.2 percent, the most in 16 months.
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In a shower of pink slips, U.S. employers cut jobs last month for the first time in more than four years, the starkest signal yet that the economy is grinding to a halt if it hasn't already toppled into recession.
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The White House yesterday lowered its forecast for economic growth this year and next, reflecting the drag from the housing slump.
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Leapfrog Enterprises Inc. (LF.N: Quote, Profile, Research) executives said on Thursday its 2004 results will be &quot;significantly below&quot; previous forecasts, withdrew its 2004 estimates
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GlaxoSmithKline warns it will cut jobs and close some factories as part of a cost-cutting plan
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Alcatel-Lucent  on Friday said it would cut about 12,500 jobs over three years, more than previously announced, as it reported a fourth-quarter net loss and forecast a drop in first-quarter revenues.
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U.S. stocks fell on Wednesday after   revised data on labor costs stirred inflation concerns and   Intel Corp. said it would cut fewer jobs than some investors   expected.
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Women&#39;s apparel retailer AnnTaylor  Stores Inc.  said on Thursday that a weak assortment of  clothes at its LOFT chain led to deeper markdowns, causing  quarterly earnings to fall.
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Investor's Business Daily - U.S. corporations announced plans to cut 74,986 jobs, up from Dec's 44,416 and 19% above a year ago, according to outplacement firm Challenger, Gray & Christmas. Financial firms slashed 15,789 jobs and drug makers planned to ax 7,628 positions. Job cuts remain below levels of the '01 recession, Challenger said.