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The mathematician of the Complutense University of Madrid, José-Vidal Ruiz Varela, argues that Europe must raise its borrowing limit, leaving its deflationary policy. Meanwhile, USA must correct debt and raise the interest rates. Raising the interest rates in the USA and dropping them in Europe, recovers the European domestic demand and EE.UU may return to invest in Europe, with a stronger dollar, without any problem, generating hundreds of thousands of Jobs

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DuPont profit tumbles; plans to cut 1,500 jobs

FRANKFURT (MarketWatch)
Chemicals firm E.I. DuPont de Nemours & Co. on Tuesday cut its full-year outlook and said it aims to eliminate around 1,500 jobs after reporting a drop in third-quarter profit
The company posted third-quarter net income of $10 million, or 1 cent a share, versus $452 million, or 48 cents a share, in the same period a year ago
The Dow component posted adjusted earnings of 44 cents a share, matching the consensus forecast produced by a FactSet survey of Wall Street analysts
Total sales fell 11.6% to $7.34 billion
The company said it has launched a restructuring plan "to increase productivity, enhance competitiveness and accelerate growth."
The plan, which includes cutting around 1,500 positions globally in the next 12 to 18 months, will deliver pre-tax cost savings of around $450 million, including $300 million in 2013, by eliminating corporate costs supporting its performance coatings business
DuPont said it expects adjusted 2012 full-year earnigns from continuing operations in a range of $3.25 to $3.30 a share
The company in July said it expected full-year earnings at the lower end of its outlook range of $4.20 to $4.40 a share
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