09:46 AM EST - Penn West Petroleum : says it has cut 25% of its staff since the beginning of 2013 in order to "boost competitive performance.'' It expects to record a $25-million charge in the third quarter in connection with the layoffs. The company says it has 1,600 full time equivalent employees on the payroll, down from 2,250 in the fall of 2012. Penn West Petroleum
shares T.PWT are trading up $0.12 at $12.04.
