The 12 items below are taken from the Credit Manager's Weekly Summary of Financially Challenged Companies. A full issue contains information on more than 200 companies. Please visit the insideARM bookstore for information on subscribing to the Summary. Accelrys Inc., a San Diego, Ca. data software firm, reported a third quarter net loss of $1.2 million. Revenue declined 5%–to $19.6 million. BP PLC, the British-based oil giant, will slash its payroll by 5,000 jobs by the middle of 2009, as it trims management and boosts efficiency. Those job cuts are in addition to 9,500 jobs that will be removed from its payroll in connection with a plan to sell gasoline stations in the U.S. The combined workforce reductions amount to about 15% of its worldwide payroll. Also, BP reported its fourth quarter net income increased 53%–to $4.4 billion. Revenue increased 30%–to $81.2 billion. For the year, net income slipped 5%–to $20.8 billion, on a 7% revenue increase–to $289 billion.