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IBM furloughs US employees to cut costs

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International Business Machines Corp (IBM) has said it’s requiring the majority of U.S. employees in its hardware unit to take a week off with reduced pay, cutting costs as demand slows for products such as servers.

Oppenheimer & Co appoints MD

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Oppenheimer & Co has announced that Jason 'Hutch' Hutchinson has joined the firm as Managing Director to lead the firm’s Technology Mergers & Acquisitions Group.