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As of Wednesday, November 25th:
The blended earnings growth rate for the S&P 500 for Q3 2009, combining actual numbers for companies that have reported, and estimates for companies yet to report rose to -13.7% from -13.8% in the previous day. As of October 1st, the earnings growth rate was at -24.7%.Of the 490 S&P 500 companies who have reported Q3, 79% beat estimates, 7% were in-line, and 14% were below estimates.  The blended earnings growth rate for the S&P 500 for Q3 2009 is currently at -13.7%. (Data provided by Thomson Reuters)

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Avon to Eliminate About 1,200 Jobs by 2013
Published: Wednesday, 22 Jul 2009 | 9:12 AM ET
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By: AP

Avon Products says that it will eliminate about 1,200 positions by 2013 as part of its restructuring efforts.

Avon
CNBC.com

The revamp will affect about 2,300 positions worldwide and result in a second-quarter charge of approximately 19 cents per share including a one-time restructuring tax charge and costs from a previous restructuring.

New York-based Avon Products [AVP  Loading...      ()   ] says the restructuring program, which was announced in February, will help trim costs and make it a more efficient company. It anticipates about $200 million in total annualized saving by 2012 to 2013.

© 2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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