Event:
JPMorgan reveals it plans to cut 17,000 jobs, mostly from its mortgage department, in the next two years
More Notable Events on February 27:
1998 Apple discontinues developing Newton computer
1991 6 week Gulf War ends after Iraqi troops retreated and Kuwait is liberated
1951 22nd amendment ratified, limiting president to 2 terms
1933 Nazis set fire to German parliament building, Reichstag, blame it on Communists
1827 1st Mardi Gras celebration in New Orleans
