Homester.com Web News Archive

Germany's Hypo Real Estate to cut 1,000 jobs (AP via Yahoo! News) - Troubled German lender Hypo Real Estate Holding AG on Saturday announced plans to cut about 1,000 jobs, more than half its current work force, by 2013 as it cuts costs following a government-backed rescue.

Hypo Real Estate to cut 1,000 jobs (AP via Yahoo! News) - Troubled German lender Hypo Real Estate Holding AG says it plans to cut about 1,000 jobs by 2013 — more than half its current work force.

Hypo Real Estate to Quit Infrastructure, Trading (Update1) (Bloomberg) - Dec. 20 (Bloomberg) -- Hypo Real Estate Holding AG plans to end the infrastructure and trading businesses as part of its reorganization, Chief Executive Axel Wieandt said.

Real Estate Live (Washington Post) - Welcome to Real Estate Live, an online discussion of the Washington area housing market with Post Real Estate editor Maryann Haggerty and columnist Elizabeth Razzi.

Hypo Real Estate Sees ’08 Loss, Will Cut 1,000 Jobs (Update2) (Bloomberg) - Dec. 19 (Bloomberg) -- Hypo Real Estate Holding AG , the property lender that had to be bailed out by the German government and financial institutions in October, said it will post a 2008 loss as it takes a 400 million-euro ($556 million) charge to streamline its operations.

Hypo Real Estate to shed nearly half its workforce (Deutsche Welle) - German property lender Hypo Real Estate says it will slash its workforce by almost half over a three-year period. The troubled private bank said in a statement that the number of employees will go down from some 1,800 to about 1,000. Two-thirds of the job cuts would be outside Germany.

Commercial real estate market trends downward in Lee County (The News-Press) - Lee County's commercial real estate market, which kept going strong long after home building crashed three years ago, is faltering at last.

Germany's Hypo Real Estate to cut 1,000 jobs (San Francisco Chronicle) - Troubled German lender Hypo Real Estate Holding AG on Saturday announced plans to cut about 1,000 jobs, more than half its current work force, by 2013 as it cuts costs following a government-backed rescue. Hypo Real Estate said it would reduce the number of...

Al Khor next hotspot for real estate: Barwa (Gulf Times) - BARWA Al Khor, a subsidiary of BARWA Real Estate and a leading master developer, has described Al Khor area as the next hotspot for tourism and luxury living in the region.

Germany's Hypo Real Estate to cut 1,000 jobs, more than half current work force, by 2013 (Minneapolis-St. Paul Star Tribune) - BERLIN - Troubled German lender Hypo Real Estate Holding AG says it plans to cut about 1,000 jobs by 2013 — more than half its current work force. Hypo Real Estate says Saturday that it will reduce the number of employees from nearly 1,800 to about 1,000 over the next three years.