Cramer's Take on Headline Stocks

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Monsanto(MON Quote), which reported quarterly earnings on Wednesday morning, will lay off 900 of its 22,000 employees . The company reported a 14% drop in third-quarter profit to $694 million, or $1.25 per share, compared with analyst estimates for $1.17 a share. Revenue fell 11% to $3.16.

In other job-cut news, General Motors(GMGMQ Quote) plans to eliminate 4,000 jobs by October, up 600 from a previous announcement.

Oracle also reported earnings, after Tuesday's market close, with revenue down to $6.9 billion from $7.2 billion in the year-ago quarter and earnings dipping to 38 cents per share, from 40 cents a share in last year's quarter.

Despite bonus cuts, most Citigroup(C Quote) employees will earn the same in 2009 that they earned in 2008 because the company plans to increase salaries by as much as 50%.

Research In Motion's(RIMM Quote) Blackberry might come to China, according to reports that the handset maker is in talks with China Telecom(CHA Quote).

With this in mind, we thought we'd take a look at what Jim Cramer's had to say lately about some of the stocks making headlines today.

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