Textron to cut 2,200 jobs, close finance business:

Textron announced plans to cut 2,200 jobs and shut down its commercial finance business. The diversified industrial manufacturer produces Cessna jets and Bell helicopters. The job cuts, which amount to 5.5% of Textron's work force, are expected to save $100 million in 2009.

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Wall Street Journal, The · Orlando Sentinel (Fla.) (tiered subscription model)

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