A senior civil servant at the Department of Culture, Arts and Leisure says that job losses are inevitable because of the cuts it has to make (www.bbc.co.uk)

H&R Block Inc. says its fiscal first-quarter loss narrowed 2 percent as it reduced staffing and other expenses. (www.newsvine.com)

(news.google.com)

Borders Group, the second-largest US bookstore chain, posted a loss for the fifth time in six quarters as revenue at established stores kept dropping and profit margins declined on increased discounting. The net loss widened to $46.7 million, or 67 cents a share, in the second quarter ended July... (www.nypost.com)