J.C. Penney to Cut 2,000 Jobs, Close 33 StoresStruggling department-store operator J.C. Penney announced it will cut 2,000 jobs and close 33 stores as it tries to get back on the path to profitability.
Study: Pentagon Could Cut Thousands Of Employees Without Hurting US PowerSome $50 billion in budget cuts are recommended in a new report released Tuesday that was written by a 17-member panel including two former vice chairmen of the joint chiefs, a former Air Force chief and former Navy chief.

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