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Coca-Cola to cut up to 1,800 jobs globally

Empty Coca Cola Can

Coca-Cola said Thursday it plans to layoff about 1,600 to 1,800 employees globally in the next few months. The move is a part of the beverage giant's effort to cut $3 billion in costs, which was announced in October.

BofA moves compliance team

Bank Of America Corner Signs

Under pressure from its U.S. regulator, Bank of America has shifted its compliance group from its legal department to its risk oversight group, a source familiar with the matter said.