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Nova Cuts 400 Jobs, Warns of ‘Lousy’ Fourth Quarter Earnings

10:13 AM MST | January 8, 2009 | Kara Sissell

Nova Chemicals will cut 400 jobs, about 15% of its work force, to counter falling prices and weakening demand, according to an analyst briefing Nova held yesterday. Nova CEO Jeff Lipton says the company’s fourth quarter will be “lousy due mainly...

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