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Tribune Co, which filed for Chapter 11 bankruptcy in 2008, wants to give out $45 million in bonuses to hundreds of its managers. The company had earlier planned to dole out $70 million in bonuses for executives, but deferred the payment due to objections.
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Wal-Mart Stores, the largest US retailer, is giving pink slips to 11,200 employees at its Sam’s Club warehouses, the company told its employees in a memo on Sunday.
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