Fire Sale

Big Sales At Borders Hurts Barnes & Noble's Profits

Posted 08.21.2011

Read More: Third Quarter, Liquidation, Fire Sale, Borders Books, Bankruptcy, Barnes and Noble, Barnes and Noble Inc, Border Bankruptcy, Borders Group, Book Stores, Business News

NEW YORK (Phil Wahba) - Barnes & Noble Inc (BKS.N), the largest U.S. bookstore chain, reported a deeper quarterly loss on Tuesday as sales came un...

Read Whole Story

Bear Stearns Rescue Backed Amid Concerns

AP | MARTIN CRUTSINGER | Posted 05.25.2011

Read More: Investment Banks, Fire Sale, Federal Bailout, JP Morgan, Central Bank, Federal Reserve, Ben Bernanke, Bear Stearns, Bailout Outrage, Business News

WASHINGTON — Federal Reserve Chairman Ben Bernanke and the Bush administration on Thursday defended the decision to rescue Bear Stearns amid que...

Read Whole Story

Credit Crunch Worsening

Wall Street Journal | LIZ RAPPAPORT, CARRICK MOLLENKAMP, KAREN RICHARDSON | Posted 05.25.2011

Read More: Fire Sale, Subprime Mortgages, Recession Fears, Subprime Mortgage Crisis, Fire-Sale Prices, Money Markets, Corporate Loans, Global Credit Crisis, Credit Crunch, Recession, Business News

A widening array of financial-market problems threatens to trigger a new phase in the global credit crunch, extending it beyond the risky mortgages th...

Read Whole Story