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September 8, 2008 1:01:01 PM CDT

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Stories related to: market

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12 Stories

  • March 2008

    • Bear Stearns Chairman Sells $1B Stake for $61M

      Wall Street Journal  |  Mar 28, 08 6:47 AM CDT

      Bear Stearns Chairman Sells $1B Stake for $61M

      (Newser) - Bear Stearns Chairman Jimmy Cayne yesterday became the poster boy for the company’s fall from grace, selling his one-time $1 billion stake in the investment bank for a mere $61.3 million, reports the Wall Street Journal. Cayne sold 5.7 million shares he’d acquired for $10.84 each, a far cry from the $159 they were worth last April. More »

      Tags

      Bear Stearns  • JPMorgan Chase  • market  • James Dimon  • James Cayne

  • September 2007
  • August 2007

    • Dems' New Deal Can't Be Same as Old Deal

      American Prospect  |  Aug 20, 07 8:00 AM CDT

      Dems' New Deal Can't Be Same as Old Deal

      (Newser) - If current market turbulence becomes a full-blown recession, a Democratic president would need revolutionary changes to solve America’s financial troubles, writes American Prospect editor Robert Kuttner. "In the short run, a faltering economy is a political windfall for Democrats," he contends, but pointing fingers at the GOP won't solve anything if the Dems inherit the problem. More »

      Tags

      US economy  • Democrats  • tax cuts  • market

    • BlackBerries Save Vacations for Bankers With Sand

      Financial Times (UK)  |  Aug 12, 07 6:45 AM CDT

      BlackBerries Save Vacations for Bankers With Sand

      (Newser) - As the volatile global markets continue to burn investors, tan-fan investment bankers are managing to keep tabs on crisis-threatened portfolios and still rack up required hours on the beach—with the help of their BlackBerries. The devices have become as de riguer as umbrellas and suntan oil on sands from New York to the Riviera. More »

      Tags

      investors  • vacation  • BlackBerry  • global economy  • beach  • market  • European Central Bank  • investment bankers  • global market

    • Fed Pumps $19B Into Market

      Bloomberg  |  Aug 10, 07 8:39 AM CDT

      Fed Pumps $19B Into Market

      (Newser) - The Federal Reserve pumped $19 billion in temporary funds into the banking system today by buying up mortgage-backed securities. The move is aimed to insure that there is enough cash available in the credit markets and keep the interest rate close to the Fed's target of 5.25%. It also makes it clear that the Fed does not yet plan to cut that interest rate, Bloomberg reports. More »

      Tags

      Federal Reserve  • Ben Bernanke  • interest rate  • finance  • bank  • credit market  • mortgage backed securities  • market

    • Credit Fears Rock Asian Markets

      Bloomberg  |  Aug 10, 07 5:51 AM CDT

      Credit Fears Rock Asian Markets

      (Newser) - Asian stocks nosedived today as market fears triggered by the US subprime mortgage crisis rippled across the globe. The steepest drop in 5 months echoed upheaval spreading outward from Wall Street, with Toyota and Samsung leading a retreat by large exporters hurt by fears that the lending catastrophe and resultant tighter credit will curtail growth. More »

      Tags

      subprime mortgages  • stocks  • Asian markets  • Asia  • Nikkei  • market  • BNP Paribas

    • Countrywide Reeling From Mortgage Woes

      Los Angeles Times  |  Aug 10, 07 5:42 AM CDT

      Countrywide Reeling From Mortgage Woes

      (Newser) - The nation's largest mortgage lender has warned that troubles in the subprime credit market have led to "unprecedented disruptions" that will hurt their bottom line. The Los Angeles Times reports that Countrywide is steeling its investors for bad news: in a suddenly illiquid market the already-troubled company has been forced to hold $1 billion more "non-prime" mortgages than intended. More »

      Tags

      subprime mortgages  • United States  • mortgage  • investors  • Countrywide  • market

    • Nokia Sees Boom in 2nd Quarter

      Bloomberg  |  Aug 2, 07 1:31 PM CDT

      Nokia Sees Boom in 2nd Quarter

      (Newser) - Cellphone leader Nokia’s sales rose 29% in the second quarter, the most in five quarters, and its profit more than doubled as it stole market share from Motorola, Bloomberg reports. The Finnish company’s stock hit a 5-year high today as shares jumped 9.3% to 22.50 euros. More »

      Tags

      cell phones  • Nokia  • Motorola  • market  • Razr

  • June 2007
  • May 2007

    • Chinese Stocks Plummet After Trading Tax Tripled

      New York Times  |  May 30, 07 8:53 AM CDT

      Chinese Stocks Plummet After Trading Tax Tripled

      (Newser) - Chinese stocks plummeted today, after the finance ministry tripled a tax on trades in an effort to deflate a worrisome stock market bubble. A week ago, the ministry publicly pledged not to raise the tax. The reversal opens the government to heavy criticism if it triggers a serious rout. More »

      Tags

      China  • stocks  • money  • taxes  • market  • Chinese stock market

    • China Markets Turn on Lucky Numbers

      Wall Street Journal  |  May 24, 07 10:59 AM CDT

      China Markets Turn on Lucky Numbers

      (Newser) - The Journal probes the Chinese practice of picking stocks based on traditional lucky numbers. In a country where middle-class novices dominate the market, new investors snap up stocks with codes that include auspicious 8s, and steer clear of those with ominous 4s. That worries analysts aware of the ripple effect of Chinese trading. "This is a reflection of a very immature market," says a JPMorgan sinologist. More »

      Tags

      China  • business  • stock  • market  • Chinese stock market

  • April 2007

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