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Lehman Brothers to lay off 1,500

August 28, 2008 — 5:26pm ET | By Jim Kim
The New York Times reports that Lehman Brothers will lay off about 6 percent of its workforce, or about 1,500 employees. That brings the total axed jobs to 7,500 since June 2007. You have to think... Read more...

Tough times at WaMu

May 2, 2008 — 6:59am ET
While analysts generally applauded the move by Washington Mutual to exit the wholesale mortgage business and shutter retail loan centers, there... Read more...