US mortgage giant to cut 12,000 jobs (Straits Times)
Story date: 2007-09-07 03:26:59
Added on: 2007-09-07 15:36:11
WASHINGTON - TROUBLED US mortgage giant Countrywide Financial said on Friday it was planning to cut up to 12,000 jobs in coming months amid a worsening housing slump and a wave of home foreclosures.
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