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Countrywide Post 1st Earnings Loss in 25 Years - Stock Surges

Started by morganb · 6 months ago

Countrywide posted its first operating loss in 25 years today, reporting a quarterly loss of $1.2 billion related to subprime mortgage losses and restructuring charges. The company stock surged more than 15% after the announcement as Countrywide stood by their stockholder dividend and forecas ... Continue reading »

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