Business Wire

Executives say 200 managers and support workers will also be laid off from the company's maintenance organization.

The company has named all the company-owned stores it plans to close in a bid to boost its business and weed out unprofitable locations.

Citigroup says it posted the loss and laid off more employees in the second quarter as it struggled with surging loan defaults.

Some wholesale distributors are worried about a backlash now that the St. Louis-based brewery is being sold to Belgian-based InBev.

The toy maker says its second-quarter profit fell by nearly half but results still beat Wall Street expectations.