Walgreen Co. said it will eliminate 1,000 positions, or about 9 percent of those employed in corporate and field management.
Retailers reported dismal sales figures for December on Thursday as even Wal-Mart Stores Inc., one of the bright spots in the industry, finally buckled under the pressures of the deteriorating economy.
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- » Intel will miss its 4Q targets
- » Detroit auto show features electric car track
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- » Job losses hit 2.4 million-more pain ahead
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