Countrywide up on lay-off report

By IBTimes Staff Reporter | August 20 2007 9:40 AM

Shares of Countrywide Financial Corp rose before the opening bell on Monday after the Wall Street Journal reported that the No. 1 U.S. mortgage lender began laying off employees in one of its lending units.

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Countrywide shares rose 4.2 percent to $22.30 in electronic composite trading.

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