Roundup: Gannett, ICO

From staff and wire reports

*Gannett said it will cut another 10 percent from the workforce at its local newspapers by early December. The latest reductions, to come by early December, follow a 10 percent cut announced in August. Neither round affects USA Today. McLean-based Gannett isn't revealing a specific number but said all would be involuntary.

*ICO Global Communications Holdings asked a jury for an additional $949 million in punitive damages from Boeing. ICO last week won a $370.6 million verdict against Boeing over a failed agreement to build a satellite network. Lawyers for ICO today asked jurors in Los Angeles Superior Court to award $477 million against Boeing Satellite Systems and $472 million against the Boeing parent company.

By Terri Rupar  |  October 28, 2008; 4:01 PM ET  | Category:  Economy Watch , Roundup
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