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Reuters: CORRECTED: Wachovia loses $8.86 billion, slashes jobs

Started by dave, July 22, 2008, 02:41:33 PM

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dave

CORRECTED: Wachovia loses $8.86 billion, slashes jobs
      


(Corrects transposed actual vs projected earnings in paragraph 6)    
NEW YORK (Reuters) - Wachovia Corp on Tuesday posted an $8.86 billion second-quarter loss, slashed its dividend and announced 6,350 job cuts after losses tied to mortgages soared.
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