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Wednesday, September 28, 2011

Market Talk: Finance Corporate News

The following corporate finance-related stories were reported by media on Wednesday: * Tokyo Electric Power Co will be advised to cut 7,400 jobs, or about 14 percent of its full-time employees, by March 2014 as part of a plan to help it pay compensation for the Fukushima Daiichi nuclear disaster, the Yomiuri newspaper said. * Goldman Sachs Group Inc may cut $1.45 billion in expenses by year's end, $250 million more than it indicated in July, in a move that could lead to more job cuts, according to The New York Times.

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