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Red Herring Communications said it is cutting 32 jobs, or 9.4% of its work force, as it closes an office in Cupertino, Calif., and combines its online and magazine editorial departments. The San Francisco-based publisher of Red Herring said it is hiring an outside company to host and manage its Web site, Redherring.com. . . . MVP.com, the closely held Internet sporting-goods retailer affiliated with sports legends Michael Jordan, John Elway and Wayne Gretzky, is firing 79 employees, or 48% of its work force.