Xerox layoffs, Circuit City shutters, Chesapeake CEO on Dem gov’t
Journal Record
November 5th, 2008
Xerox to cut jobs
NewsOk.com reports that Xerox will cut 100 jobs by 2009, leaving about 70 people at their OKC facility. They will also cut toner production and consolidate into one building.
Electronics retailer to close some OKC stores
Also in sad business news, electronics retailer Circuit City is shuttering two stores in the metro – one in the University North Park shopping center in Norman and one at 3625 Northwest Expressway near Penn Square Mall.
Chesapeake CEO: Compressed natural gas looks promising under Dems
In brighter news, Bloomberg is reporting that OKC’s Chesapeake Energy Corp. CEO Aubrey McClendon speculates his company could benefit from the recent landslide for soon-to-be-president Barack Obama.
McClendon said “The Democrats have been very engaged about compressed natural gas in the last few months,” in an Oct. 28 telephone interview. “A Democratic administration is more likely to pursue the use of CNG as a fuel.”
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