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* Lillian Vernon Corp., which sells household items and clothing through its namesake catalogs and Web site, cut 12% of its salaried work force, or 40 people, and said it might have had a loss in fiscal 2001.

* USFreightways Corp. said it expects first-quarter results to fall “very substantially” below estimates and that it has reduced spending and cut an unspecified number of jobs. The trucking company’s shares fell $3.81 to close at $30.38 on Nasdaq.

* Work.com, a money-losing Web site backed by Dow Jones & Co. and @Home Corp., said it will close down at the end of this month because advertisers cut spending and it was unable to borrow more money. Most of the Web site’s 113 workers in Redwood City, Calif., and New York will leave next week, a spokeswoman said.