Sumitomo Mitsui Cuts 1st-Half Outlook (AP via Yahoo! Finance)

Story date: 2007-10-26 08:52:58
Added on: 2007-10-26 19:00:21

Sumitomo Mitsui Financial Group Inc., one of Japan's biggest financial companies, cut its first-half profit outlook by 23 percent due to a write-down resulting from losses in subprime mortgage-backed securities.


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