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Milwaukee's Harley-Davidson ready to chop 400 more jobs

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Milwaukee's Harley-Davidson says it will cut up to 400 more jobs after its quarterly profits plunged 37 percent from a year ago.

The motorcycle company blamed the recession, a restructuring that began three months ago, and a change in Wisconsin corporate tax laws for a $70 million drop in its first quarter profit.

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Earnings totaled $117 million, down from $187 million from January-March of last year. Revenues fell 2 percent.

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