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Stock Market & Financial Investment News

News Breaks
September 27, 2011
09:21 EDTAQQAmerican Spectrum Realty plans to cut over $1.2M in expenses by end of Q3
ASR and its management company, American Spectrum Realty Management, LLC, have meticulously examined their operations in order to eliminate duplicate responsibilities between its Houston and California offices. As part of this effort to reduce redundancy, The Company has consolidated its two accounting divisions into one department and relocated it to the Irvine, CA office. The plan also includes seventeen job cuts, the majority of which have already been completed. The Company intends to implement the remainder of these cost-cutting changes throughout the month of September.
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