Bear Stearns to Cut 650 Jobs Amid Mortgage Losses (Update2) (Bloomberg.com) Nov. 28 (Bloomberg) -- Bear Stearns Cos., the biggest underwriter of U.S. mortgage bonds, will eliminate 650 jobs in the firm's fourth round of cuts this year amid mounting losses
Peter F. Karches, 54; Former Executive at Morgan Stanley Peter F. Karches, 54, former president of investment banking at Morgan Stanley, died April 13 after a long battle with leukemia.read more...
Business & Finance If you come to Greece for the first time, listen to people complaining about inflation and joblessness, and read stories in the local press about small and medium-sized companies closing
Auburndale Subdivision Features Florida Living read more...
GMAC to sell 60 pct of mortgage unit (Reuters via Yahoo! News) General Motors Acceptance Corp. agreed on Wednesday to sell a 60 percent equity interest in its commercial mortgage subsidiary to a private equity consortium, a move that allows the
U.S. Fed expected to strike calming tone Fed policy makers opened a two-day meeting Tuesday amid mounting concern on Wall Street, Capitol Hill and elsewhere about troubles in the subprime mortgage market.Commentread more...
Senators will scrutinize home lending practices Tuesday when they convene a hearing on how to protect consumers from mortgage abuses.
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