LYCOS RETRIEVER 
Washington Mutual
built 234 days ago
Washington Mutual, believing in the power of education, is the latest corporate citizen to join Northside as an official business partner. The newest business partner recently announced a huge relocation of corporate headquarters in San Antonio. In addition, Washington Mutual has 20 branches located all around the city.
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Owned by Washington Mutual, Cedarbrook is a world class leadership development center and event facility nestled on 18 acres of natural wetlands. Washington Mutual restored and donated nearly ten acres of wetlands to the City of SeaTac for public access. A nature path winds around the perimeter of the property, and the city has future development plans that include a pedestrian trail linking the neighborhood to a nearby lake.
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The Washington Mutual first having occasio layout, follows federal laws to cash deposits. Here customer must provide their ID to deposit the cash amount more than $10,000, but now this changed to Open Layout. Since the acquisition of Murphey Favre, it has made numerous acquisitions with the aim of expanding the corporation. By acquiring corporations like PNC mortage, fleet mortage, etc. it became 3rd largest mortage lender in United States. By acquiring Providian financial corporation, Washington Mutual become 9th largest credit company throughout the nation.
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Between Oct. 17 and today, Washington Mutual stock price has plummeted from $33.07 to $20.04 per share, or nearly 40%. The lawsuit seeks to recover damages on behalf of all purchasers of WaMu common stock during the Class Period (the "Class").
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Washington Mutual Inc. (WM) opened at 17.20. So far today, the stock has hit a low of 16.90 and a high of 17.65. WM is now trading at 17.33, up 0.52 (3.02%). The stock hit its 52 week high of 46.38 in December and set its 52 week low of 16.75 in November. The stock has been slipping for the past six months. Shares of Washington Mutual have been rising today after a Punk Ziegel & Co. analyst lifted his rating on the stock to "Market Perform" from "Sell," saying the company's decline is likely "reflecting losses not profits."
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On October 17, 2007, Washington Mutual revealed that its anticipated fourth quarter 2007 writedowns of home loan assets would be $1.3 billion greater than previously disclosed. These writedowns were caused, at least in part, by the impairment of loan assets that were originated based on the inflated appraisals fraudulently orchestrated by the defendants. Between October 17 and October 31, Washington Mutual's stock price declined by $5.19 per share, or 15.6%.
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