| Job
Title Story |
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Cole
named Valor CEO |
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VALOR
Telecom's Board of Directors recently announced
that Kenneth R. Cole will assume the role of Chief
Executive Officer of VALOR in addition to his
current title of President. Anne K. Bingaman,
VALOR's Chairman and CEO, will continue as Chairman
of the Board. The management changes are effective
January 1, 2002.
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on this story |
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| Conference
Highlight |
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IOMA
and Kennedy Information presents 2002 e-HR Conference
February 11-12, 2002
New York, NY
To register or for more information Click
here
www.ioma.com
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| Featured
Job Board |
Reach
qualified IT professionals at ComputerJobs.com!
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| News
By Industry |
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| Fed
to cut interest rate |
| The
Federal Reserve is close to wrapping up its most
aggressive interest rate cutting exercise since
the early 1980s, many economists believe. They think
the Fed will cut rates for an 11th time this year
at the close of its recent meeting. But many analysts
believe the rate cut will be a smaller quarter-point
move that will signal that the central bank may
be finished with its credit easing campaign. |
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on this story |
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SingTel to layoff workers |
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Singapore
Telecom Ltd. plans to lay off 60 contract workers
- mainly from China and the Philippines - to cut
costs, a company spokesman said. The contract
workers will not be given severance packages,
but will have their plane tickets paid for by
SingTel, the Straits Times reported. The company
is also trimming costs by implementing a hiring
freeze in some areas and cutting back on travel.
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on this story |
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| The
Industry Headline |
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Kroger
income up, 1,500 jobs to be cut |
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Kroger
Co., the largest U.S. grocer, reported that third-quarter
earnings rose and said it would eliminate about 1,500
jobs as part of a cost-cutting plan.
The
Cincinnati-based company, which operates more than 2,300
supermarkets, said its earnings before merger-related
and one-time costs for the quarter ended Nov. 10 rose
to $258.6 million or 32 cents per diluted share, from
$233.0 million or 28 cents a year earlier.
Analysts
polled by research firm Thomson Financial/First Call
had expected earnings per share to range from 30 cents
to 33 cents, with consensus at 32 cents. Sales in the
quarter rose 3.8 percent to $11.38 billion from $10.96
billion in the prior year, Kroger said.
Looking
ahead, the retailer said it expects fourth-quarter earnings
per share to be in a range of 46 to 48 cents, bringing
the full-year earnings per share to an estimated range
of $1.48 to $1.50.
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