Hedge funds to slash jobs Battered by losses and redemptions, hedge funds worldwide could slash some 20,000 jobs this year as the outlook for investment managers remains dim. McClatchy to slash 1,600 jobs, cut executives' pay McClatchy Co will slash 1,600 jobs, or about 15 percent of its workforce, and dock the pay of its top executives, in one of the more dramatic cuts by a U.S. newspaper publisher as it struggles with plunging advertising sales. AMR To Slash Mainline-domestic Seat Capacity By 9% For 2009 AMR To Slash Mainline-domestic Seat Capacity By 9% For 2009 Double whammy: Banks slash savers' rates to virtually nothing, overdraft charges go skyhigh Double whammy: Banks slash savers' rates to virtually nothing, overdraft charges go skyhigh

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Lady GaGa's attempt at Australian fashion fails

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