Bear Stearns to Cut 650 Jobs Amid Mortgage Losses (Update2) (Bloomberg.com)
Story date: 2007-11-28 01:44:00
Added on: 2007-11-28 21:00:28
Nov. 28 (Bloomberg) -- Bear Stearns Cos., the biggest underwriter of U.S. mortgage bonds, will eliminate 650 jobs in the firm's fourth round of cuts this year amid mounting losses on subprime home loans.
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