SCHERING-PLOUGH ANNOUNCES 1,100 JOB CUTS IN N.J. AND PUERTO RICO

Schering-Plough Corp. plans to close a plant in Puerto Rico by the end of the year as part of the drugmaker's overhaul that will cut 1,100 jobs in Puerto Rico and New Jersey. The Kenilworth-based company said the moves will make it more competitive in the future. Canadian Business Online (http://www.canadianbusiness.com/markets/headline_news/article.jsp?content=b060133A)