Bear Stearns to merge two mortgage units, cut 310 jobs (TODAYonline)
Story date: 2007-10-03 12:58:48
Added on: 2007-10-03 19:00:49
Pedestrians walk outside the headquarters of Bear Stearns in New York City in 2006. 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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