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Cisco announced on Wednesday that it is cutting 4,000 jobs next year because of the economy. 5 percent of the company will be laid off. Cisco stock dropped

The Kroger Company has decided to purchase Harris Teeter Supermarkets Incorporated. Kroger will pay $49.38 for each of Harris Teeter’s stocks, paying a total of approximately $2.44 billion.

David Murdock, Dole Food’s Chairman and CEO, is making an offer to buy the company for approximately $1.07 billion. Murdock and members of his family are offering to