Wednesday, February 13, 2008

Morgan Stanley cuts 1,000 mortgage jobs (Reuters)



A vacant house for sale is pictured at the Green Valley Ranch neighborhood in Denver, Colorado July 26, 2007. (Rick Wilking/Reuters)Reuters - Morgan Stanley will slash 1,000
jobs, scale back its U.S. home-lending business and shut down a
British mortgage unit as new management takes a hard look at
the continued deterioration in mortgage markets.




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