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BUSINESS
NOVEMBER 20, 2008, 9:40 P.M. ET

J.P. Morgan Pares Staff Yet Again

Article
Comments

J.P. Morgan Chase & Co. began handing out pink slips to employees in its investment bank, becoming the latest Wall Street firm to slim its ranks amid a gloomy outlook for next year.

It is yet another round of cuts at J.P. Morgan's investment bank, which cut about 5,000 jobs earlier this year following its acquisition of Bear Stearns ...