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Short Take: MCI to cut 1,200 jobs

MCI Communications said it will cut 1,200 jobs in an effort to focus on its push into the local phone business, Bloomberg Business News reported. The cuts, which represent 2.3 percent of its work force, come as MCI prepares for its combination with British Telecommunications. BT said last November it would buy MCI, the number-two long-distance phone company in the United States.