EARNINGS

Polaroid Corp. said it will cut up to 700 jobs, or about 7% of its work force, and write off some Russian assets, which will result in a total charge of $90 million in the fourth quarter. The company said it expects to save $20 million to $30 million over the next two years because of the expanded restructuring.

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Kellogg Co. said it will save at least $150 million in 1999 through previously announced cost-cutting moves, more than the $105 million initially expected. It also plans to introduce a new line of premium cereals in its latest bid to rejuvenate sales and profit.