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Breaking News: Bear Stearns to Cut 650 Jobs

11/27/2007 By: Kerri Panchuk Printer Friendly View

With concerns heightening over the company’s subprime loan losses, Bear Stearns Cos. announced Wednesday that it’s eliminating 650 jobs, according to a report from _Bloomberg News. _
_Bloomberg says _the company’s total fourth quarter cuts represent “about 10-percent” of the Bear Stearns workforce.


Author: Kerri Panchuk • Date: 11/27/2007

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