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Is company cost-cutting company throat-slitting?

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Is company cost-cutting company throat-slitting?
Reuters | May 6, 2009 | By James B. Kelleher and Jennifer Ablan – Analysis
CHICAGO/NEW YORK (Reuters) – In recent weeks, a number of investors and economists have declared the recession all but over based on a handful of seemingly positive signs, including a flurry of better-than-expected earnings from U.S. companies.

They may be getting ahead of themselves.
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