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Business notes

Thursday, January 3, 2008

KENTUCKY NATIONAL CITY CUTS DIVIDEND 49% Cleveland-based National City Corp. said Wednesday it is reducing its dividend by 49 percent and closing its wholesale mortgage division because of weakened housing and credit markets. About 900 jobs will be eliminated. The downsizing is "really not going to affect Kentucky," said National City spokeswoman Terri Wilson, because the division has ...
From: www.kentucky.com

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