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, 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


plans to

eliminate 4,000 jobs by October

, up 600 from a previous announcement.


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

TheStreet Recommends


(C) - Get Citigroup Inc. Report

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


Blackberry might

come to China

, according to reports that the handset maker is in talks with

China Telecom

(CHA) - Get China Telecom Corp. Ltd. Sponsored ADR Class H Report


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.

To read more,



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