First American (FAF)

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First American cuts costs and raises $42M in Q2 profits First American posted Q2 net income of $42M after effectively cutting costs. A year ago, First American lost $66M. First American cut salary and personnel costs by 17% as well as other operating expenses by 12%. Class Action Lawsuit A Class Action lawsuit was filed against First American for artificially inflating home appraisal values which artificially raised the share price of First American

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