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The jobs axe cut into the rail industry today when a leading firm told union leaders it was shedding more than 300 jobs.
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Rail and bus firm National Express says it plans to cut up to 750 jobs to save costs over the next year.
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Matalan's latest attempt to woo customers is a leap of faith in the continuing popularity of more mature celebrities such as Antony Worrall Thompson, Ainsley Harriott, Anthea Turner and Laurence Llewelyn-Bowen.
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NEW YORK (Reuters) - National City Corp, a U.S. Midwest regional bank hard hit by the credit crisis, on Tuesday announced plans to slash 4,000 jobs and said rising reserves for soured mortgage and real estate construction loans led to its fifth straight quarterly loss.
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Tuesday, National City Corp. (NCC), one of the victims of the deepening financial crisis, reported wider-than-expected third quarter loss, driven primarily by continued actions to build loan loss reserves. The company also said it plans to reduce approximately 4,000 positions or 14% of its total workforce, over the next three years.
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Attempts to launch an airport shuttle on the back of its successful bus coach and rail operations have backfired threatening 170 jobs .
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Travellers are choosing to travel by bus or coach rather than take their own car as the economic slowdown bites National Express said.
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National Express, the transport group which took over running the East Coast main line rail franchise that links Scotland with England late last year, said yesterday that the service remained on track for strong year-on-year earnings growth.
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NEW YORK (Reuters) - American Express Co, the fourth-largest U.S. credit card issuer, said on Thursday it will cut 7,000 jobs, slash other expenses and scale back investments to save $1.8 billion in 2009 as it struggles with bad loans and surging funding costs.
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American Express said it would cut 7000 jobs, lower compensations, reduce operating costs and scale back investments in what the company termed as reengineering plan, which is expected to save about $1.8 billion in 2009.
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American Express, a big credit card lender, said Thursday that it would cut 10 percent of its work force, or about 7,000 jobs, as the company braced for an economic slowdown.
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The credit card company said that it would cut 10 percent of its work force as part of a restructuring that is expected to save $1.8 billion in 2009.
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NEW YORK -- In a stark acknowledgment of the tough times ahead in the credit card industry, American Express Co. said Thursday that it plans to cut 7,000 jobs, or about 10 percent of its worldwide work force, in an effort to slash costs by $1.8 billion in 2009.
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The National Plan for 2009 defines actions aimed at creating 320,000 jobs next year, reducing unemployment rate to about 22,5 percent, ANGOP learnt from the Planning minister, Ana Dias Lourenço.
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The credit card company said that it would cut 10 percent of its work force as part of a restructuring that is expected to save $1.8 billion in 2009.
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Washington National Cathedral plans to slash its budget dramatically and lay off 30 percent of its staff to close a widening budget gap, leaders said yesterday.
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Disgraced businessman David Ross will this evening quit as chairman of transport group National Express in the wake of the shares and loans scandal which saw him leave Carphone Warehouse on Monday.
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The resignation of David Ross as a nonexecutive director of Carphone Warehouse has gone from a bizarre stock market disclosure to a fullblown scandal.
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How much has sports shaped society? It's a tantalizing question that is often difficult to answer.
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1 Margaret Thatcher. For all her faults (FAHF), she smashed the consensus of the 1970s, that low, dishonest decade. The administrative class had settled on a job description "to manage the process of decline". She allowed those with talent to rise faster than their years. Her principle was "the many not the few". And for those who hate her – she shut more grammar schools than Tony Crosland.
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According to Deputy Head of the Party of Regions faction Oleksandr Yefremov, the National Bank of Ukraine could have allocated funds for the pre-term elections. Money allocation for the snap elections is not a big problem, he stressed.
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In the past week, Iceland's government took over the country's top three banks, hundreds of bank employees were fired and the stock exchange was closed down. The island nation of 300,000 people now faces bankruptcy.
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MORE than 70,000 construction jobs are under immediate threat unless the Government addresses ways to counter the problems in the industry in the upcoming Budget, the Construction Industry Federation (CIF) has warned.
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The Miami-Dade County School Board approved a contract for its new superintendent, Alberto Carvalho, despite protests of unethical selection procedures and accusations of an affair.
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The 58th British National Ploughing Championships take place in the Kent countryside.
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A cement plant looks towards job cuts after suffering from a 20% drop in demand.
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There could be job cuts at Sir James Dyson's manufacturing plant in Malmesbury.
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The top executive directors of the eight banks that could take part in the Government's rescue plan were paid £72m between them last year. That's nearly £2m each. Many of them earned far, far more but this is the average. Over the same year, shareholders in most of those banks – namely Royal Bank of Scotland, HBOS and Barclays – have lost their shirts. And let us not forget, the shareholders who invested in Bradford & Bingley and Northern Rock, who have been wiped out by this banking calamity. In those cases, the chiefs left, albeit with big pay-offs.
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Aaron Copland’s house in Cortlandt Manor, N.Y., has been declared a national historic landmark by the National Park Service.
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On the eve of Spain's National Day, conservative politician Mariano Rajoy put his foot in his mouth when he called the celebrations "a drag". Coming from an avowed patriot, it was a juicy gaffe, one the ruling party was quick to seize on.
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Duties will include conservation activities and promoting the trust’s mission to ensure that “everyone will have an American park experience.”
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Two losses, one by a team off to its best start since World War II and one by a team off to its worst start in 41 years, highlighted a busy Saturday in college football.
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Up to 200 UK jobs are to go at Fidelity International as the fund manager renews efforts to reduce costs and contain the damage to profits
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British Airways is the worst national carrier in Europe for cancelling flights according to a new investigation.
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Former Arsenal midfielder urges French FA to pay whatever it takes to install Arsene Wenger as new coach.
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Business activity is continuing to fall in Scotland, but the rate of decline is slowing as London remains the only part of the UK that is seeing private sector expansion.
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