ABN Amro slashes 900 jobs in North America
Chicago: Netherlands based ABN Amro Bank N.V plans to eliminate 900 jobs in North American jobs next year of which the majority will be in Chicago, as part of cost-cutting measures, the company announced Thursday.

The reductions are aimed at making the bank more competitive and represent 5 per cent of its North American business unit's work force. Most of the jobs will be cut by mid-2007 and include all types of positions in all major locations, such as New York and Chicago, the company said in a statement.

Of the 900 positions that will be cut, 500 are in Chicago, 200 are in New York and 200 will are between Troy and Ann Arbor, Michigan, according to company spokesman Shawn Platt.

ABN Amro is the parent company of Chicago-based LaSalle Bank Corp.

ABN Amro has more than 4,500 branches in 53 countries, and runs about 400 bank branches and 1,500 ATM's under the LaSalle Bank name.

LaSalle Bank is a $120 billion (€91.1 billion) financial institution and is Chicago's largest bank holding company. U.S-traded shares of ABN Amro fell 9 cents to close at $32.51 Thursday on the New York Stock Exchange.
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Apple Computer's fluctuate on probe worries
Boston: Apple Computer Inc's fluctuated wildly in the week mainly on investors' worries that that a probe into the company's options grants may mean trouble for its chief executive Steve Jobs.

Jobs is said to have hired a personal lawyer to represent him after an internal investigation found he received a 2001 option grant without the required board authorization.

It is not yet certain that Jobs had committed a fraud that could result in him having to leave the company.

Apple's stock fell as much as 6 percent on Wednesday but gained some of the losses as analysts told clients that concerns about the impact of the probe were overblown.
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