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Merrill planning to hire brokers
After 3 years of cutting jobs, the investment bank plans to boost its brokerage staff by 5% a year over the next 3 years, citing improved financial markets. Merrill Lynch said it'll hire 650 brokers by the end of 2004. It has cut over 20,000 jobs since mid-'00. In mid-Oct., Merrill ended its salary freeze. Rivals including Bear Stearns are also boosting staff.
Rofin-Sinar Tech jumps on Q4 EPS
The maker of high-tech lasers used in chipmaking and a variety of other industries earned 39 cents a share, up 95% vs. a year ago. Analysts expected 28 cents. Sales rose 15% to $74.1 mil, …