Grainger to Eliminate 300-400 Jobs After Q1 Profit Drops 15%; shares rise

(AP) — Maintenance-products distributor W.W. Grainger Inc. said Tuesday its first-quarter profit fell more than 15 percent as customers pulled back spending amid the recession. Futher, it expects to cut 300 to 400 workers this year. The Chicago-based company still beat Wall Street ...

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