Breaking Business News

Stressless Tests: Our Treadmill Of Delusion

Anthony Citrano | Posted 05.25.2011

Read More: Stress Tests, Banking Bailout, Economy, Stress Test Results, Economic Crisis, Bank Stress Tests, Federal Reserve, US Economy, Breaking Business News, Wall Street, Business News, Banking Crisis, Banks, Financial Crisis, Toxic Assets, Ben Bernanke, Banks Bailout, Business News
Anthony Citrano

The stress tests mostly overlook derivatives -- the $50 trillion elephant in the room -- by effectively letting banks apply their prior calculus in valuing them.

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Bowoto v. Chevron: What's Really at Stake?

Daniel Firger | Posted 05.25.2011

Read More: Human Rights, Breaking Business News, Chevron, Law, Bowoto, Bowoto v Chevron, Oil, Nigeria, Court Case, Bowoto vs Chevron, Business News
Daniel Firger

Since the state of the law is so unsettled on this point, the decision in Bowoto is likely to have a big impact on the way future human rights lawsuits are litigated. Chevron knows this, of course.

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Jed Lewison

Krugman Offers Lukewarm Support For Plan, Rips "Frightening" McCain

HuffingtonPost.com | Jed Lewison | Posted 05.25.2011

Read More: Breaking Business News, Wall Street Crisis, Wall St, Wall St Crisis, Bailout Package, Paul Krugman, Bailout, Bailout Plan, Politics News

Update (11:42PM): Krugman offers lukewarm support for the plan in his new column, but warns that the plan isn't going to fix all our financial problem...

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John McCain: Campaign Lobbyist in Chief

Janet Ritz | Posted 05.25.2011

Read More: Corruption, Karl Rove, Jack Abramoff, Lobbyists, Rick Davis, Nancy Pfotenhauer, Oil, McCain's Money, Barack Obama, Sarah Palin, John McCain, John McCain Lobbyists, Charlie Black, Randy Scheunemann, Politics News, Breaking Business News, Big Oil, Green News, Politics News
Janet Ritz

John McCain's attempted co-opt of the Obama campaign's change message avoids the fact that McCain has surrounded himself with a campaign staff of top ...

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Senator Reid Slams Bush's Handling Of The Economy

New York Times | STEVEN LEE MYERS | Posted 05.25.2011

Read More: JPMorgan Chase, Breaking Business News, JPMorgan Chase Buys Bear Stearns, Bear Stearns and Mortgage Crisis, Bear Stearns Bailout, George W. Bush and Bear Stearns, Asian Markets, Treasury Secretary and Markets, George W. Bush and Markets, Bear Stearns, Bear Stearns Collapse, Market Collapse, Bear Stearns Purhcase, Bear Stearns CEO, Bear Stearns and JPMorgan Chase, Bear Stearns Buyout, Politics News

As President Bush welcomed the Federal Reserve's sweeping intervention in the financial markets, his administration faced accusations Monday that it s...

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Is Lehman Next?

CNN/Money | Colin Barr | Posted 05.25.2011

Read More: JPMorgan Chase Buys Bear Stearns, Brokerage Firms, Asian Markets, Federal Reserve, Bear Stearns Purhcase, Bear Stearns CEO, Lehman Shares, Ubs, Bear Stearns Buyout, JPMorgan Chase, Breaking Business News, Bear Stearns and Mortgage Crisis, Bear Stearns Bailout, Lehman Brothers, Bankruptcy, Bear Stearns Collapse, Bear Stearns, Bear Stearns and JPMorgan Chase, Business News

Lehman Brothers (LEH) may be in for a long day. Shares of the brokerage firm slid 15% in early trading after the firm said it's got enough cash to kee...

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Bear Sterns Is Worth Less Than Your Sister's White-Trash Husband

236.com | 23/6: News You Can Misuse | Posted 05.25.2011

Read More: 23/6: News You Can Misuse, Bear Stearns Purhcase, JPMorgan Chase, Breaking Business News, Bear Stearns and JPMorgan Chase, JPMorgan Chase Buys Bear Stearns, Bear Stearns Bailout, Bear Stearns Buyout, Asian Markets, Bear Stearns, Bear Stearns Collapse, Bear Stearns and Mortgage Crisis, Bear Stearns CEO, 236.Com, Home News

JP Morgan Chase & Co has agreed to buy Bear Stearns (BSC) for the bargain price of two dollars per share. Just last April, BSC shares were selling at ...

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Stocks Widely Mixed on Bear Stearns News

AP | MADLEN READ | Posted 05.25.2011

Read More: Asian Markets, Bear Stearns, Bear Stearns and JPMorgan Chase, Bear Stearns and Mortgage Crisis, Bear Stearns Bailout, Bear Stearns Buyout, Bear Stearns CEO, Bear Stearns Collapse, Bear Stearns Purhcase, Breaking Business News, JPMorgan Chase, JPMorgan Chase Buys Bear Stearns, Business News

NEW YORK — Wall Street ended a temperamental session widely mixed Monday after investors grappled with JPMorgan Chase & Co.'s government-backed ...

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John McCain And The Economy: Candidate Must Find Way To Separate From Bush

Posted 05.25.2011

Read More: Hillary Clinton and Economy, JPMorgan Chase, Breaking Business News, JPMorgan Chase Buys Bear Stearns, Bear Stearns Bailout, Barack Obama and Economy, Republican Deregulation, John Mccain and the Economy, Bear Stearns Collapse, Candidates and the Economy, Bear Stearns Purhcase, Business News

Excerpted from the LA Times: Though McCain, Clinton and Obama have talked often about taxes and spending cuts, discussing the tools available to the...

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US, Global Markets: What's Next?

The Huffington Post | Posted 05.25.2011

Read More: JPMorgan Chase, Breaking Business News, JPMorgan Chase Buys Bear Stearns, Bear Stearns and Mortgage Crisis, Bear Stearns Bailout, Asian Markets, Bear Stearns, Bear Stearns Collapse, Bear Stearns Purhcase, Bear Stearns CEO, Bear Stearns and JPMorgan Chase, Bear Stearns Buyout, Business News

Think Progress: White House Defends Bailout Of Wall Street Instead Of Main Street During today's news briefing, reporters questioned White House Pres...

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Global, US Market Updates

Huffington Post | Posted 05.25.2011

Read More: JPMorgan Chase, Breaking Business News, JPMorgan Chase Buys Bear Stearns, Bear Stearns and Mortgage Crisis, Bear Stearns Bailout, Asian Markets, Bear Stearns, Bear Stearns Collapse, Bear Stearns CEO, Bear Stearns Purhcase, Bear Stearns and JPMorgan Chase, Bear Stearns Buyout, Business News

UPDATED 7:20pm EST: New York Times: Dow Ends Flat After Day Of Gyrations A day that loomed darkly on Wall Street ended with only a modest decline i...

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Bear Stearns Fat Cats Elicit Little Sympathy

ABC News | Russell Goldman | Posted 05.25.2011

Read More: JPMorgan Chase, Breaking Business News, JPMorgan Chase Buys Bear Stearns, Bear Stearns and Mortgage Crisis, Bear Stearns Bailout, Alan Schwartz, Bear Stearns, Bear Stearns Collapse, Bear Stearns CEO, Bear Stearns Purhcase, James Cayne, Bear Stearns and JPMorgan Chase, Bear Stearns Buyout, Business News

As investment bank Bear Stearns collapsed, and was sold to JPMorgan Chase for a scant $240 million, its chairman James Cayne played bridge at a tourna...

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Investors Fear Financial Crisis Will Keep Spreading

NY Times | LANDON THOMAS Jr. | Posted 05.25.2011

Read More: Treasury Secretary and Markets, JPMorgan Chase Buys Bear Stearns, Asian Markets, Market Collapse, Bear Stearns Purhcase, Bear Stearns CEO, Bear Stearns Buyout, JPMorgan Chase, Breaking Business News, Bear Stearns and Mortgage Crisis, Bear Stearns Bailout, George W. Bush and Markets, George W. Bush and Bear Stearns, Breaking Politics News, Fears, Bear Stearns Collapse, Bear Stearns, Bear Stearns and JPMorgan Chase, Business News

The cash squeeze that brought Bear Stearns to its knees is fanning fears that other investment banks might be vulnerable to the crisis of confidence g...

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Bear Stearns Stockholders Socked

Mortgage News Daily | Posted 05.25.2011

Read More: JPMorgan Chase Buys Bear Stearns, Brokerage Firms, Federal Reserve, Bear Stearns CEO, Bear Stearns Purhcase, Lehman Shares, Ubs, Bear Stearns Buyout, Fdic, JPMorgan Chase, Breaking Business News, Bear Stearns and Mortgage Crisis, Subprime Market, Bear Stearns Bailout, Lehman Brothers, Emergency Funds, Bear Stearns Collapse, Bear Stearns, Bankruptcy, Bear Stearns and JPMorgan Chase, Business News

The news wasn't surprising but the price tag was a real stunner. On Sunday J.P. Morgan chase agreed to pay $2 per share to acquire failing Wall Stree...

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What Bear Stearns' Meltdown Means To You

ABC News | ALICE GOMSTYN | Posted 05.25.2011

Read More: JPMorgan Chase, Breaking Business News, JPMorgan Chase Buys Bear Stearns, Bear Stearns and Mortgage Crisis, Bear Stearns Bailout, Asian Markets, Bear Stearns, Bear Stearns Collapse, Bear Stearns Purhcase, Bear Stearns CEO, Bear Stearns and JPMorgan Chase, Bear Stearns Buyout, Business News

Think the Bear Stearns meltdown isn't affecting you? You might want to check your investments before you answer. Large mutual funds commonly found in...

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Obama, Clinton Cite Economic Distress

AP | TOM RAUM | Posted 05.25.2011

Read More: Asian Markets, Bear Stearns, Bear Stearns and JPMorgan Chase, Bear Stearns and Mortgage Crisis, Bear Stearns Bailout, Bear Stearns Buyout, Bear Stearns CEO, Bear Stearns Collapse, Bear Stearns Purhcase, Breaking Business News, JPMorgan Chase, JPMorgan Chase Buys Bear Stearns, US Stock Market, US Economy, Barack Obama on US Economy, Hillary Clinton on US Economy, Politics News

WASHINGTON — Democratic congressional leaders urged President Bush on Monday to do more to address the housing woes at the root of the spreading...

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Shell-Shocked Bear Stearns Employees Turn To Psychologists

ABC News | Russell Goldman | Posted 05.25.2011

Read More: JPMorgan Chase, Breaking Business News, Bear Stearns Psychology, JPMorgan Chase Buys Bear Stearns, Bear Stearns and Mortgage Crisis, Bear Stearns Bailout, Asian Markets, Bear Stearns Grief Counselors, Bear Stearns Psychologists, Bear Stearns, Bear Stearns Collapse, Bear Steans Counciling, Bear Stearns Purhcase, Bear Stearns CEO, Bear Stearns and JPMorgan Chase, Bear Stearns Buyout, Business News

Facing the loss of their life savings and very possibly their jobs, employees at investment bank Bear Stearns are turning to trained professionals -- ...

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Congress Seeking New Stimulus Package To Jolt Slumping Economy

AP | ANDREW TAYLOR | Posted 05.25.2011

Read More: Asian Markets, Credit Crunch, European Markets, Fed Cut, Federal Reserve, U.S. Economy, World Economy, Breaking Business News, Ben Bernanke, Global Markets, Henry Paulson, Interest Rate Cut, Interest Rates, Stock Market, Nancy Pelosi, George Bush, Business News

WASHINGTON — House Democratic and Republican leaders appeared close to agreement with the White House Wednesday night on a significantly reworke...

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Tony Blair To Join JPMorgan

Reuters | Posted 05.25.2011

Read More: JPMorgan Chase, Breaking Business News, Prime Minister Tony Blair, JPMorgan, Tony Blair, Business News

Former British prime minister Tony Blair is expected on Thursday to join U.S. bank JPMorgan Chase & Co Inc (JPM.N) as a senior adviser, according to a...

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Magna Carta Sold For $21.3M

AP | Posted 05.25.2011

Read More: Breaking Business News, Sotheby's, Magna Carta, Carlyle Group, Business News

A 710-year-old copy of the declaration of human rights known as the Magna Carta _ the version that became part of English law _ was auctioned Tuesday ...

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White House Mortgage Meltdown: Bush Gives Out Wrong Hotline Number

Posted 05.25.2011

Read More: Subprime Lending, Mortgage Crisis, George W. Bush, Subprime Loan Crisis, Subprime Loans, Subprime Mortgage Crisis, George Bush, Bush Economic Plan, Breaking Business News, Bush Interest Rates, Subprime Mortgages, Politics News

Harried homeowners seeking mortgage relief from a new Bush administration hotline Thursday had to contend with a bit of temporary misdirection from th...

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