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MADISON, WI (WTAQ) - In an unusual move, the Wisconsin Assembly passed the proposed two-year state budget without much of a debate. The abrupt vote was 55-42. Minority Democrats did not offer any amendments. Minority Leader Peter Barca says it became clear Republicans were not open to changing the $70 billion spending package. Included in the budget, is the statewide expansion of the school choice program – along with a $650 million income tax cut, a refusal to take new federal Medic...
STOCKHOLM (Reuters) - Telecoms gear maker Ericsson repeated on Wednesday it expected total restructuring charges of around 4 billion crowns ($597.21 million) in 2012 after it announced sweeping job cuts in Sweden.
A spokeswoman for the company declined to give financial detail of a new cost-saving package, but repeated the 4 billion crown figure for this year.
Ericsson earlier said it would cut 1,550 jobs in Sweden.
(Reporting by Simon Johnson, editing by Patrick Lannin)
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