Razorfish Inc., a technology consulting firm, said Monday it has cut 400 jobs, or 21 percent of its work force. The New York-based company said the layoffs were made across its worldwide work force, paring it from 1,900 to 1,500 people, and come as part of an effort to cut costs by $70 million.
Home improvement retailer Lowe's Cos. plans to build more than 75 stores from Philadelphia to Maine over the next five years, including 25 in the Boston area.
Qualitech Steel SBQ announced Monday that it has closed its $350 million minimill in Pittsboro, Ind., that processed steel from recycled scrap metal here until a buyer can be found. The steel mill's owners were unwilling to invest any more money in the operation, which hasn't made money since it opened in 1997.
Bridge Information Systems has agreed on a restructuring plan with its main creditors that would supply a $150 million cash infusion and allow it to continue to operate while reorganizing. The deal calls for the struggling financial information provider to file for bankruptcy under Chapter 11.
Dow Chemical Co. would have to divest intellectual property critical to the production of plastic trash bags to gain federal approval of its planned $9.3 billion merger with Union Carbide Corp., under a proposal by the Federal Trade Commission.