Newspaper wrap-up: Countrywide (CFC) cuts more jobs - BloggingStocks

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Newspaper wrap-up: Countrywide (CFC) cuts more jobs

Posted Sep 6th 2007 8:45AM by Eric Buscemi
Filed under: Newspapers, Magazines, Ford Motor (F), Countrywide Financial (CFC), CVS Corp (CVS), Tata Mtrs Ltd (TTM)

MAJOR PAPERS:

Countrywide Financial Corporation (NYSE: CFC) announced another 900 job cuts as the company slashes costs in the face of a drop in lending volumes and rising defaults, The Wall Street Journal reported.
Barron's Online's "Inside Scoop" section reported that CVS Caremark Corporation (NYSE: CVS) chairman Edwin Crawford sold 120K shares worth $45.4M Friday and Tuesday after exercising the same number of options for $2.8M.

OTHER PAPERS:

Italian carmaker Fiat (OTC: FIATY) is negotiating with India's Tata Motors Limited (NYSE: TTM) on a joint bid for Ford Motor Company's (NYSE: F) Jaguar and Land Rover divisions, reported the Telegraph.
British mobile telecom company Vodafone Group (NYSE: VOD) has received a $2B tax bill from the Indian government, reported the U.K. Times.
The Economic Times reported, citing a source close to the development, that Ranbaxy has joined the bidding on Bradley Pharmaceuticals Inc (NYSE: BDY) by placing a preliminary non-binding bid on the company.

Tags: barron's, barrons, bdy, bradley, cfc, countrywide, cvs, economic times, EconomicTimes, f, fiat, ford, london times, LondonTimes, newspaper, paper, periodical, ranbaxy, tata, telegraph, ttm, uk times, UkTimes, vod, vodafone, wall street journal, WallStreetJournal, wsj

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