In an interview with Forbes this afternoon, CFO George Davis noted that the large charge in the latest quarter reflects the restructuring program announced in October, which includes a reduction in force of 900 to 1, 300 positions, or 6%-9% of the global workforce.

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This account value is subject to a large surrender charge with the difference between them being a policy's cash surrender value.

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Staples rose 4% despite swinging to a third-quarter loss, largely due to a large impairment charge and double-digit drop in international sales.

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