Bear Stearns Cuts 310 Mortgage Jobs, to Merge Units (Update4) (Bloomberg.com)

Story date: 2007-10-03 02:33:15
Added on: 2007-10-03 15:17:14

Oct. 3 (Bloomberg) -- Bear Stearns Cos., the second-biggest underwriter of U.S. mortgage-backed securities, is cutting 310 jobs from units that originate mortgages after the firm reported the biggest profit decline in more than a decade.


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