Constellation to Cut 5% of Global Workforce

Dear Client:Constellation today cut its 2009 fiscal earnings outlook to $1.60 - $1.62 per share from $1.68 - $1.72 primarily due to “disappointing” demand in Europe and Australian during the holidays last year. Deep discounting by British retailers was a particular problem. "The most significant impact was felt in the U.K., where the economy weakened … Continue reading "Constellation to Cut 5% of Global Workforce"

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