Fiber-optics maker JDS Uniphase Corp. will cut more than 3,000 jobs, or more than 10 percent of its work force, in an attempt to streamline operations. The cuts are the largest in the company's history, spokesman Jeff Wild said Tuesday. In January, the company laid off about 700 contract employees in Ottawa.
A federal judge heard arguments Tuesday in a lingering antitrust suit filed against two major bookstore chains by independent booksellers who say their competition receives preferential treatment from publishers for secret deals and steep discounts. Attorneys representing the American Booksellers Association argued before U.S. District Judge William Orrick that the suit against Barnes & Noble and Borders Group should proceed to trial. Orrick did not rule Tuesday. The case is set for trial beginning April 9.
Sun Microsystems unveiled its first Unix workstation priced less than $1,000 Tuesday as it tries to regain ground lost to competitors.
Domino Sugar workers have agreed to end their 20-month strike, a bitter dispute described by the chief union negotiator as a failure for labor. Domino, a division of British manufacturer Tate & Lyle, plans to cut 110 jobs at the 143-year-old refinery.