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Reuters ahead with job cuts at Lehman Europe

Reuters ahead with job cuts at Lehman Europe

Reuters was first on Sept. 30 to report that administrators for Lehman Brothers in Europe had failed to find a buyer for the fixed income business and would axe 750 jobs. Reuters was 53 minutes ahead of Bloomberg and Dow was unsighted. It followed several stories on the wind-down of Lehman in Europe, a major story in the City after the shock bankruptcy of the U.S. investment bank.

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