Update 2: JP Morgan Chase Plans to Rehire 4,000
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JP Morgan Chase &amp; Co. says it will rehire 4,000 workers whose jobs it had outsourced to IBM, bucking a corporate trend in information technology.
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Bank of America Corp. said yesterday it will bring 300 more jobs to Boston as part of its wealth management unit.
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J.P. Morgan Chase & Co. , said on Wednesday it was scrapping a &#36;5 billion outsourcing deal with IBM Corp., amid an overall plan to manage more of its own technology services.
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US sports tycoon Malcolm Glazer has hired JP Morgan Chase &amp; Co. bank to advise him on a possible bid for Manchester United and he could issue a statement on his intentions later today.
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CHARLOTTE, N.C.  -- Bank of America Corp. said Thursday that it plans to cut about 2.5 percent of its work force, eliminating about 4,500 jobs as part of a restructuring following its acquisition of FleetBoston Financial Corp. last spring.
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U.S. employers cut 4,000 jobs in August, the first time in four years that monthly hiring contracted, the government said on Friday in a report certain to boost pressure on Federal Reserve policy makers to cut interest rates.
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NEW YORK, October 20  - JP Morgan Chase &amp; Company (JPM.NYS) reported a 13% decline in its third-quarter profits, driven by high merger-related costs and sluggish trends in its fixed-income trading business.
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BOSTON -- Bank of America, which was sharply criticized after it cut jobs at former Fleet branches here, said Friday it plans to move an additional 300 jobs from its Wealth &amp; Investment Management businesses to Boston.
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Merrill Lynch & Co  plans to announce about 1,600 layoffs after disclosing fourth-quarter write-downs, CNBC reported on Thursday.
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Morgan Stanley , the second-largest investment bank by market value, said on Tuesday it would spin off its Discover credit-card division and posted better-than-expected quarterly results on strong banking and trading.
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General Electric Co.'s  WMC Mortgage unit is laying off 460 staffers across the United States, representing about 20 percent of its work force, spokeswoman Brandie Young said on Friday.
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Cell phone maker Motorola Inc. said Wednesday it will cut another 4,000 jobs as part of a plan aimed at improving sagging financial and operational results.
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JPMorgan is said to be arranging an auction.
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STUNNED Abbey National staff will be told today that 4,500 jobs could be axed within three years if Spain - s Banco Santander emerges victorious from its bruising 8.2 billion bid battle for the UK mortgage ...
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Merrill Lynch & Co  plans to  announce about 1,600 layoffs after disclosing fourth-quarter  write-downs, CNBC reported on Thursday.
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NEW YORK -- JPMorgan Chase &amp; Co. plans to undo a technology outsourcing deal with International Business Machines Corp., taking back about 4,000 employees and contractors from the computer giant.
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Citigroup is expected to announce on Tuesday 4,000 additional job cuts, a steep cut in its stock dividend, and another boost from foreign investors.