Vodafone Yahoo signs mobile ad deal
New York: Telecom group Vodafone and web search firm Yahoo! have formed an alliance that allows Yahoo to become its exclusive display advertising partner in the UK. According to the deal Vodafone customers who agree to accept targeted display advertisements will get savings on certain Vodafone services, the companies said in a joint statement. The companies will roll out the initiative in the first half of 2007.
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Clariant to cut 2,200 Europe jobs
Basel: Swiss chemicals group Clariant plans to cut about 2,200 jobs over the next three years, mainly by closing plants in Europe. Clariant had announced a review of its operations in August this year after it reported a 24 per cent slump in its H1 net profit to 109 million Swiss francs (USD88.4 million).

The company posted a net loss of 14 million Swiss francs on continuing operations during the third quarter, against a 110 million Swiss franc profit in the same period last year.

Clariant employs a total of 22,000 people globally. The company apart from cutting its network of sites by 10 per cent would also reduce its product line by 25 pc by 2009.

The group is aiming to re-focus on fast growing markets in China and India under the cost-cutting plan and said the improvements will enable the company to generate profitable long-term growth and to achieve sustained cost leadership in the specialty chemicals industry.
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