Monday, December 1, 2008

Anxious Investors May Turn To Funds Focused on Dividends

(JPM: News ) plans to cut 9200 jobs at Washington Mutual Inc. (WM) when it acquires that company, said reports Monday. 25 after Washington Mutual became the nation's largest bank to fail amid the ongoing credit crisis. The company is planning on cutting 9200 jobs at its Washington Mutual unit which it just recently acquired. On Monday, JPMorgan Chase & Co said it will cut about 9200 jobs at the former Washington Mutual Inc. JPMorgan Chase, whose stock fell 17.5 percent, revealed details of deep cuts planned within Washington Mutual, which it acquired Sept. JPMorgan Chase & Co., the largest US bank by assets, will cut 9200 Washington Mutual Inc. JPMorgan Chase & Co. said Monday it will cut a total of 9200 jobs at Washington Mutual, which it acquired Sept. year-old Florine Burrows' home. LCDX dealers will determine the auction date and terms, which are expected to be similar to those used for Lehman Brothers and Washington Mutual. Mr. prime fiasco has dragged down Fannie Mae, Freddie Mac, Washington Mutual Bank and thousands of over-leveraged homeowners. JP Morgan Chase & Co. is integrating Washington Mutual Inc. And yes, expectations for a quality Apple Cup were lower than Washington Mutual stocks. 1); Washington Mutual (No. 2); Merrill Lynch (No. 3); AIG (No. 4) and Morgan Stanley (No. 5). sold funds, Mr. Davis singles out American Funds Washington Mutual Investors, which has been yielding 3%.

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