NATION

NATION
Office Depot plans job cuts
DELRAY BEACH, Fla. -- Office Depot Inc. plans to cut 900 jobs as it consolidates operations at eight call centers and offices in six states.
In a filing with the Securities and Exchange Commission, Office Depot -- the nation's second-largest office supply retailer -- said three of the facilities will close. The cuts were estimated to generate $15 million in annual savings.
Delta seeks steep pay cut
ATLANTA -- Delta Air Lines Inc. is hoping its pilots union will approve a steep pay cut to help the company avoid bankruptcy. Delta pilots, currently among the highest paid in the nation with salaries that average between $100,000 and $300,000 a year, were expected to begin voting on the contract proposal Monday. The voting is expected to close on Nov. 11.
The agreement would cut their salaries by nearly a third and would provide no raises for the remainder of the five-year pact.
Crude prices exceed $52after news from Nigeria
LONDON -- The price of crude vaulted above the $52 mark today on news that a strike in Nigeria could affect output in the world's seventh-largest oil exporter, while traders looked for signs of how this week's U.S. presidential election would affect the market.
At midmorning in Europe, December crude on the New York Mercantile Exchange was trading electronically at $52.24 a barrel -- up 48 cents from its Friday closing. Prices jumped Friday after two days of drops, nearly down to the $50 mark.
Associated Press