Amgen cuts hard-hit exes some slack

Amgen is playing friendly banker to some of its laid-off employees who've also had the bad fortune to see their home values going the way of most housing prices these days: downward. The company often offered second mortgages to employees it was trying to recruit, and some of those recruits were cut or took buyouts as Amgen downsized. The company is extending the terms of those loans to give its exes more time to pay. Report