Intel's (INTC) McAfee Plans Job Cuts - Reuters

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Symantec (SYMC) Near Session Lows on Intel McAfee Job Cuts

October 8, 2012 3:49 PM EDT

Symantec Corporation (NASDAQ: SYMC) is moving to the lows of the session into the close following reports Intel's McAfee security division is laying off some staff.

The cuts could suggest the industry is experiencing greater-than-expected weakness.

Shares are down 1.61 percent to $17.74.... More