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* Schering-Plough Corp. plans to cut 1,100 jobs in New Jersey and Puerto Rico as part of an overhaul intended to make the drug maker more competitive.
* Volkswagen said it had offered severance packages to 85,000 workers.
* Starwood Hotels & Resorts Worldwide Inc. said it would enter the extended-stay business by opening at least 25 properties a year over the next five years.
Inside the business of entertainment
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