Bear Stearns to merge two mortgage units, cut 310 jobs (AFP via Yahoo! News)
Story date: 2007-10-03 12:20:54
Added on: 2007-10-03 19:00:46
US investment bank Bear Stearns said Wednesday it was merging two mortgage subsidiaries and eliminating 310 jobs to better deal with market conditions related to the ailing housing sector.
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