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Wachovia Loses $8.86B; Will Cut 6,350 Jobs - ClickOnDetroit.com
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| CHARLOTTE, N.C. -- Wachovia Corp. lost $8.86 billion in the second quarter, and said Tuesday it was slashing its dividend and cutting 6,350 jobs after losses tied to mortgages soared. Even excluding one-time items, the results substantially missed ... |
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