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WEDNESDAY, NOVEMBER 25, 2009
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NEWS ABOUT: Bear Stearns

Bear Stearns stories: 113 news summaries

61 - 80 of 113 Stories | << Prev 1 2 3 4 5 6 Next >>

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Angry Shareholders Want More for Bear Stearns

Bargain basement $2 price sets up potential battle, lawsuits

Mar 19, 08 7:19 AM CDT
(Newser) - Bear Stearns shareholders are threatening to vote against its sale to JPMorgan, saying the $2 price per share for the nation’s fifth largest investment bank is unrealistic; speculators seem to agree, trading up Bear stock to $5.91 yesterday, a 23% bump. Expect some serious brinkmanship to force a... More »

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Federal Reserve • Bear Stearns • acquisition • James Dimon • JPMorgan Chase

Economy in 'Sharp Decline,' Paulson Admits

He won't say recession, but treasury secretary comes close

Mar 19, 08 5:46 AM CDT
(Newser) - Hank Paulson came closer than ever to conceding that the economy is in recession in a series of interviews yesterday, Reuters reports. Weary after a weekend in which he helped to broker Bear Stearns' fire sale to JPMorgan, the treasury secretary avoided the R-word but admitted: "There's no doubt... More »

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Federal Reserve • Henry Paulson • Bear Stearns • recession • Treasury Department • economic stimulus package • tax rebate • economy • capital markets • housing sector • JPMorgan Chase

Bear Stearns Jumps on Hope for Higher JPMorgan Bid

Likely stockholder holdout drives spike

Mar 18, 08 5:03 PM CDT
(Newser) - Bear Stearns shares jumped 23% today on hopes that stockholders will reject JPMorgan's bailout offer in favor of a higher offer, Bloomberg reports. The surge moved the price to nearly three times the current value of the fire-sale bid, which one major stockholder termed "derisory." "There's every... More »

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shareholders • Bear Stearns • shares • credit crisis • stockholders • JPMorgan Chase • financial crisis

Earnings Report

Lehman Bros.
Q1 Profits Plunge 57%

But beleaguered firm still beats forecasts; stock up pre-market

Mar 18, 08 8:18 AM CDT
(Newser) - Lehman Brothers, which yesterday lost 19% of its market value, today reported a 57% drop in net income for the first quarter and a 31% drop in net revenue. But those dire figures still beat analyst forecasts, sending the stock up 12% in premarket trading, the Wall Street Journal... More »

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Bear Stearns • earnings reports • Lehman Brothers • fixed assets • subprime crisis

Will Lehman Be the Crunch's Next Victim?

Shaky confidence means its biggest fear may be fear itself

Mar 18, 08 4:52 AM CDT
(Newser) - After a collapse of confidence sank Bear Stearns last week, some traders are betting that Lehman Brothers will be the next victim of the credit crunch. Its stock went on a rollercoaster ride yesterday—plunging 40% at one point and closing down 19%, the biggest fall since the firm went... More »

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Wall Street • Bear Stearns • financial markets • Lehman Brothers • brokerage • subprime crisis • financial crisis

MARKETS

 Stocks Bounce, End Mixed 

Stocks are up... no down... what's going on?!

Mar 17, 08 3:50 PM CDT
(Newser) - Stocks seesawed throughout the day, finally ending today's session mixed, with the Dow closing up. The markets struggled to rebound from serious losses sustained after Bear Stearns' fire sale; buyer JPMorgan Chase's stock closed up 11%. The Dow ended up 21.16 at 11,972.25, the Nasdaq down... More »

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stock market • Bear Stearns • euro • yen • US dollar • JPMorgan Chase

JP Morgan CEO Emerges as Wall Street Force

Dimon builds on
rep for staying
cool in a crisis

Mar 17, 08 12:08 PM CDT
(Newser) - JP Morgan Chase CEO James Dimon is a hands-on boss who writes out a detailed to-do list each morning and has managed to keep his company healthy while many of its rivals are ailing or even critically ill, reports the Wall Street Journal. Dimon's focus has been on creating... More »

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Wall Street • Citigroup • Bear Stearns • Alan Schwartz • James Dimon • JPMorgan Chase

Bernanke Looks Impotent as
Fed's Fixes Fail

Economic woes may be beyond cure by monetary medicine

Mar 17, 08 11:11 AM CDT
(Newser) - Ben Bernanke has employed virtually every tool in the Federal Reserve's kit to calm markets panicked by the credit crisis, but hasn't scored any more than temporary rallies, Bloomberg reports in a look at the markets' fading faith in the Fed chief—and the Fed itself. "The Fed has... More »

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Ben Bernanke • Federal Reserve • Bear Stearns • recession • credit market • housing crisis • Whac-A-Mole • Alan Blinder

Market Update

Stocks Rebound, Countering Selloff in Financials

Bear Stearns buyout sends JP Morgan up, Lehman Brothers down

Mar 17, 08 10:17 AM CDT
(Newser) - Stocks steadied after steep early morning losses today, with the Dow actually rising 1.06 points by mid-morning, the Wall Street Journal reports. But financials were still down big, as the Bear Stearns fire sale loomed large over the market. Lehman Brothers, down 22%, was hit the worst, other than... More »

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Ben Bernanke • stock market • Federal Reserve • Dow Jones • Bear Stearns • S&P 500 • FOMC • JPMorgan Chase

 Investors Ask: Who's Next? 

Wall Street survived the near-collapse of Bear Stearns, but there's more trouble ahead

Mar 17, 08 6:54 AM CDT
(Newser) - Wall Street, reeling over JP Morgan’s bargain-basement purchase of Bear Stearns, is anxiously watching to see “who’s next” to succumb to the continuing credit squeeze, reports the Financial Times. As investment banks prepare to release first quarter results this week—led by Goldman Sachs and Lehman... More »

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Wall Street • Citigroup • Goldman Sachs • Bear Stearns • Lehman Brothers • subprime crisis • JPMorgan Chase • financial crisis

UPDATED

 Dollar Nosedives,
 Global Markets Tumble 

Greenback falls to record lows after Bear buyout, rate cut

Mar 17, 08 3:55 AM CDT
(Newser) - The dollar took a pummeling and equity markets in Europe and Asia slumped as worried investors reacted to the Bear Stearns fire sale and the Fed's emergency rate cut. The dollar dropped to a shocking 95 yen, hit an all-time low of $1.59 against the euro, and remained below... More »

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Bear Stearns • euro • Nikkei • Hang Seng • yen • Asian markets • US dollar • Swiss franc • JPMorgan Chase

 JP Morgan Buys Bear 
  Stearns for $2 a Share  

Deal rushed today to avoid filing for bankruptcy

Mar 16, 08 6:35 PM CDT
(Newser) - JP Morgan has agreed tonight to buy Bear Stearns for a scant $2 a share, a bargain-basement price—stock closed at $30 a share—that demonstrates the urgency of staving off the collapse of the venerable investment bank and widespread panic in financial markets, the AP reports. The Bush administration... More »

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stock market • Wall Street • Bear Stearns • acquisition • Asian markets • James Dimon • JPMorgan Chase

Gov't Will Do 'What It Takes' for Economy: Paulson

Treasury secretary backs Reserve's move to uphold Bear Stearns

Mar 16, 08 4:55 PM CDT
(Newser) - Treasury Secretary Henry Paulson vowed today to do “what it takes” to uphold a weak economy, the AP reports. “No one is debating the fact that this economy has slowed way down,” he said on the Sunday show circuit. "We feel it, we know it, the... More »

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Nancy Pelosi • Charles Schumer • Henry Paulson • Bear Stearns • recession • economy • George W. Bush

 Bernanke
 Tosses Out
 His Rule Book 

As Wall Streets meltdown accelerates, the Fed chief adapts on the fly

Mar 16, 08 9:19 AM CDT
(Newser) - With a recession and worsening meltdown on Wall Street looming, Fed chief Ben Bernanke has dumped textbook central bank economic policy, reports the New York Times. Last week's bailout of Bear Stearns, for example, seemed to fly in the face of his previous reluctance to rescue big institutions. And it... More »

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Ben Bernanke • Wall Street • Federal Reserve • Bear Stearns • recession • credit market • interest rate • financial crisis

Wounded Bear Scrambles
for a Savior

Stearns hopes
to find a quick buyer
in troubled times

Mar 15, 08 3:38 PM CDT
(Newser) - What's next for Bear Stearns? A Wall Street institution for the better part of a century, it is now scrambling to find a buyer. Its best hope is JP Morgan, which provided a temporary lifeline yesterday along with the Fed. But other possible suitors include Citibank and HSBC, the Wall ... More »

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Wall Street • Federal Reserve • Bear Stearns • Citibank • HSBC • emergency funding • Madison Avenue • subprime crisis • JPMorgan Chase

MARKETS

 Bear Bailout Invites the Bears 

Financial sell-off follows Fed's move, sends markets plummeting

Mar 14, 08 3:40 PM CDT
(Newser) - News of the Bear Stearns bailout triggered a sell-off today as investors were reminded that the true depth and breadth of current credit problems remains uncertain, the Wall Street Journal reports. Bear Stearns stock closed at 30, down a breathtaking 47.4% on the day. The Dow fell 194.65... More »

MORE ABOUT:
Citigroup • Bank of America • Federal Reserve • Dow Jones • Bear Stearns • American Express • Nasdaq • AIG • Countrywide Financial • S&P 500 • Federal Reserve Bank of New York • financial crisis

 JP Morgan, Feds
  Bail Out Bear Stearns 

The investment bank's liquidity crisis forces it to ask for emergency help

Mar 14, 08 9:25 AM CDT
(Newser) - Bear Sterns has reached out to rival JP Morgan Chase and the Federal Reserve Bank of New York for emergency funding to reassure investors concerned about the struggling investment bank's deteriorating liquidity, the Wall Street Journal reports. The move is a startling indicator of how hard the subprime virus has... More »

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Wall Street • Bear Stearns • liquidity • subprime crisis • Federal Reserve Bank of New York • Alan Schwartz • JPMorgan Chase

Home-Equity Loans Latest to Bite Banks

Even lenders that dodged subprime chaos suffering big trickle-down losses

Mar 12, 08 12:03 PM CDT
(Newser) - Home-equity loan defaults are soaring, the Wall Street Journal reports, as the trickle-down effect of the subprime mortgage crisis makes its way into what was once a source of big profits for lenders. JP Morgan Chase and Wells Fargo both escaped major writedowns on subprime mortgages gone bad, but already... More »

MORE ABOUT:
Bear Stearns • Wells Fargo • National City • Washington Mutual • SunTrust Banks • housing crisis • subprime crisis • home-equity loans • JPMorgan Chase

Disney Looks to Earn $1B from Internet

Company says Lost, Grey's Anatomy online ads paid big dividends

Mar 11, 08 11:48 AM CDT
(Newser) - Disney is ramping up its Internet efforts and expects to reap greater returns thanks to hit shows being streamed online, such as Lost and Grey’s Anatomy, reports the AP. The company expects to earn $1 billion in fiscal 2008, a sizable jump over last year, said CEO Robert Iger... More »

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Google • YouTube • ESPN • ABC • Bear Stearns • Disney • Robert Iger

MARKETS

Financials, $108 Oil Sink Stocks

Crude shatters record price; recession fears prevail

Mar 10, 08 3:49 PM CDT
(Newser) - US stocks fell today for a third consecutive day as fears of recession continued to spread, MarketWatch reports. With Ambac’s revival uncertain and Countrywide facing a possible securities fraud probe, shares of both financial giants plummeted, pressuring the overall market downward. The Dow lost 153.54 to close at... More »

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oil • Dow Jones • Bear Stearns • Nasdaq • Countrywide Financial • oil price • commodities • Ambac Financial • S&P 500

61 - 80 of 113 Stories | << Prev 1 2 3 4 5 6 Next >>


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