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June 7, 2001  
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Business today
TECH DISTRIBUTOR CUTS STAFF: Ingram Micro will slash as many as 1,000 U.S. jobs because of softer demand within the tech industry. Ingram, the world's largest distributor of computer products, said the cuts amount to 6 percent of its work force. Ingram also will close a distribution hub in Newark, Calif., and two return processing facilities in Rancho Cucamonga and Santa Ana, Calif. Ingram Micro hopes to save $30-million to $40-million a year after the cuts. Its second-ranked competitor is Clearwater-based Tech Data Corp.

HCA chief shifts focus forward
As disputes with the government wind down, Jack Bovender prepares for increased demand and a nursing shortage.

Student loan interest rates to dive
Rates on federally guaranteed student loans will reach their lowest levels ever July 1, leading to lower payments.




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