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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. ...
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