Pending Home Sales Plunge, Layoffs Surge

September 4, 2007

Pending sales of previously owned homes plunged 12.2% in July and planned layoffs by companies surged 85% in August due to turmoil in the subprime mortgage market, independent reports showed on Wednesday.

*For more on this story,

read the full Reuters article.

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Pending Home Sales Plunge, Layoffs Surge

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