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Wednesday, October 16, 2002 |
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J.P. Morgan Chase & Co. beat a sharply reduced earnings forecast for the third quarter despite charge-offs for bad telecommunications and cable company loans and lower trading results.
J.P. Morgan Chase also announced Wednesday that it was cutting more than 2,000 workers from its investment banking operations and reducing outside consultants.
12:13:07 PM Google It! 
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Dynegy Inc. announced Wednesday that its chief operating officer is resigning, the company is dumping its struggling trading business and significant layoffs are coming.
12:10:59 PM Google It!
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BOSTON, Oct 16 (Reuters) - Honeywell International Ltd. (nyse: HON - news - people) on Wednesday said it would take actions in the current quarter to cut 3,000 to 5,000 jobs, or as much as nearly 5 percent of its total work force as the company's key commercial aviation business suffers sharp declines in profit.
11:35:53 AM Google It!
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The number two US bank, JP Morgan Chase, has announced 2000 job cuts as it unveiled a massive drop in profits.
11:31:46 AM Google It!
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