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BUSINESS BRIEFS.(TO THE POINT)
TELECOM
WorldCom: plan details in weeks
New CEO John Sidgmore hopes to give details of the ailing telecom's turnaround plan in a few weeks, along with $5 bil in new funding. He told angry shareholders at WorldCom's annual meeting that reports of 16,000 job cuts, or 20% of staff, are in the ballpark. He said WorldCom will likely cut capital spending by $1 bil, as expected.
WorldCom has lost no big customers, and added three this quarter: Allstate, Wells Fargo and Washington Mutual.
Vodafone ups J-phone subsidies
The world's No. 1 wireless operator's Japanese unit raised subsidies on handsets to meet competition. As jockeying for …
