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Newspaper wrap-up 2-8-07: Job cuts abroad

MAJOR PAPERS:

The Financial Times (subscription required) wrote that Citigroup Inc (NYSE: C) has shaken up its top management structure, giving senior status to executives outside New York in a move to recognize the bank's growth prospects abroad.
Barron's Online's (subscription required) "Weekday Trader" was positive on Teva Pharmaceutical Industries ADS (NASDAQ: TEVA), writing that despite challenges in 2007, the company could win back its crown.

OTHER PAPERS:

The Globe and Mail reported that DaimlerChrysler AG's (NYSE: DCX) Chrysler Group will eliminate 20%, or 2,000, of its 10,000 jobs in Canada.
According to French paper Les Echoes (in French), Alcatel-Lucent ADS (NYSE: ALU) is expected to announce 12,000-13,000 job cuts, or more than 15% of its work force.
Technology website CNet.com reported that Microsoft Corporation (NASDAQ: MSFT) will release Windows 6, the latest software for powering mobile phones, on Monday.
Investor's Business Daily's "New America" column was positive on bed manufacturer Tempur-Pedic International Inc (NYSE: TPX), which makes visco-elastic foam mattresses. The company has been able to stay in front by doubling its R&D and increasing its ad spending.

MAJOR PAPERS:

The Wall Street Journal's (subscription required) "Heard on the Street" column focused on companies that would be hurt the most by the price of oil continuing to fall. The article mentioned Hess Corp (NYSE: HES) and Suncor Energy (NYSE: SU), along with alternative energy companies Aventine Renewable Energy Holdings (NYSE: AVR), Pacific Ethanol (NASDAQ: PEIX) and VeraSun Energy (NYSE: VSE).

OTHER PAPERS:

French newspaper Les Echoes reported that United Parcel Service (NYSE: UPS) may cancel its order for 10 Airbus A380s, which could create an opportunity for Boeing (NYSE: BA).
Light Reading reported that Tellab's (NASDAQ: TLAB) CTO Thomas Gruenwald will leave the company at the end of this week.
Investor's Business Daily's "New America" column mentioned BMC Software (NYSE: BMC) positively.
BusinessWeek's "Inside Wall Street" column mentioned Volcano (NASDAQ: VOLC), UCBH Holdings (NASDAQ: UCBH) and US Airways Group (NYSE: LCC) positively.