By Elinor Comlay and Jonathan Stempel Reuters Monday, December 1, 2008; 6:10 PM NEW YORK (Reuters) - JPMorgan Chase & Co said on Monday it will eliminate about 9,200 jobs at the former Washington Mutual Inc ,...
By NICK TIMIRAOS and RUTH SIMON As many of the biggest U.S. banks continue to pare back their mortgage lending, some financial institutions see global financial turmoil as an opportunity to pick up market share. The eight...
J.P. Morgan Chase & Co. announced plans to lay off about 21% of Washington Mutual Inc.'s employees by the end of 2009 as it weaves the thrift's operations into its retail-banking network. J.P. Morgan, which acquired WaMu in...
FOXBusiness: Gloomy economic headlines end Wall Street's five-day winning streak sending Dow down 680 points, Bureau of Economic Research: U.S. in Recession, Bush Says He's Sorry for Financial Crisis, FOXBusiness: Rough Day on...
ARMONK, N.Y.----MBIA Inc. announced today that Charles R. Rinehart was elected to MBIA’s board of directors. Mr. Rinehart is the former Chairman and Chief Executive Officer of H.F. Ahmanson, a publicly traded Fortune 500...
Here's how top career experts say you can improve your job-seeking skills in a worsening economy By Dan Macsai The idea for "Six Tips to Help You Land a New Job" came from BusinessWeek reader Colleen Paulson, an executive...
Mall owner gets delay on $900 million debt Shopping-mall owner General Growth Properties Inc. is getting a two-week extension on $900 million in debt that had been scheduled to come due last week as the company works to stave...
Wall Street Hammered By Worsening Global Economic Outlook, Financials Tumble (By Salman - iStockAnalyst Writer) US stocks fell sharply on Monday, snapping a five day rally, after National Bureau of Economic Research officially...
A near 700-point single-day decline in the Dow, sadly, is not surprising to anyone who’s followed the markets over the past few months. But unlike those before, Monday’s drop is a genuine buying opportunity, Cramer said,...
When Jeff VanGilder officially heard Monday that he'd lost his job at Washington Mutual, the message had a harsh and familiar tone -- it was the third consecutive Christmas season marred by a pink slip.