Newspaper wrap-up: Sallie Mae to cut 3% of employees
Posted Jan 18th 2008 8:00AM by Eric Buscemi
Filed under: Newspapers, Magazines, Apple Inc (AAPL), iPhone, SLM Corp (SLM)
.gif)
MAJOR PAPERS:
- UBS AG (NYSE: UBS) is launching an initiative to reduce proprietary risk taking by its investment banking division, the Financial Times reported. In an internal memo, UBS CEO Marcel Rohner wrote that the bank would cut by 50% the number of its employees in its real estate and securitization division, and move its troubled mortgage investments into a separate unit.
OTHER PAPERS:
Tags: AAPL, Apple, CHrysalis, EMI Group, EmiGroup, EMIPY, France Telecom, FranceTelecom, FTE, iPhone, Sallie Mae, SallieMae, SLM, SLM Corp, SlmCorp, UBS, UBS AG, UbsAg
Related Posts
Where have all the consumers gone?
Yahoo! soars on report that former AOL CEO wants to buy
What ever happened to GE?
