12:06 PM EST - Allen-Vanguard Corp. : said Thursday that as part of cost reduction, it will axe approximately 100 positions, or about 15% of its global workforce of 660. The company also would record a restructuring charge including severance and other costs of approximately $4.6 million in the fourth quarter ending September 30, 2008. Allen-Vanguard Corp.
shares T.VRS are trading up 25.42 percent at $0.37.
