Dethroned Bear Stearns CEO Needs Armed Bodyguard
From today's New York Post: Anger has reverberated all week throughout the gloomy Madison Avenue offices, where dethroned chief Jimmy Cayne has walke...
From today's New York Post: Anger has reverberated all week throughout the gloomy Madison Avenue offices, where dethroned chief Jimmy Cayne has walke...
Reuters | Posted 03.28.2008 | Business
U.S. Treasury Secretary Henry Paulson on Monday defended government moves to rescue Bear Stearns Cos Inc (BSC.N) from bankruptcy, saying it was import...
Bloomberg | Katherine Burton and Sree Vidya Bhaktavatsalam | Posted 03.28.2008 | Business
Joseph Lewis, the billionaire investor who bought 9.4 percent of Bear Stearns Cos. last year, lost $1.16 billion on his stake after JPMorgan Chase & C...
AP | STEPHEN BERNARD and JOE BEL BRUNO | Posted 03.28.2008 | Business
NEW YORK — On the verge of a collapse that could have shaken the very foundations of the U.S. financial system, investment bank Bear Stearns Cos...
Wall Street Journal | LINGLING WEI, RANDALL SMITH | Posted 03.28.2008 | Business
After suffering a beating from their exposure to home loans, banks and securities firms are about to take their lumps from office towers, hotels and o...
Fortune's Stanley Bing | Posted 03.28.2008 | Business
I just had what I believe to be a very satisfactory discussion with a nice woman who has not yet gone postal at the Postal Service.
AP | Madlen Read, Joe Bel Bruno | Posted 03.28.2008 | Business
The bill for America's excessive borrowing during the housing boom has arrived, and more people are having trouble paying it. JPMorgan Chase & Co. an...
Wall Street Journal | MARK MAREMONT and SUSANNE CRAIG | Posted 03.28.2008 | Business
In the spring of last year, two investment arms of J.P. Morgan Chase & Co. began accumulating shares in Rural Cellular Corp., a small Minnesota provid...
Wall Street Journal | ROBIN SIDEL | Posted 03.28.2008 | Business
J.P. Morgan Chase & Co. is putting its money to work. After years of watching rival Wall Street firms plow their own cash into principal investments,...
Wall Street Journal | VALERIE BAUERLEIN | Posted 03.28.2008 | Business
Bank of America Corp.'s write-down of $3 billion in collateralized debt obligations offered fresh evidence of how much financial giants are struggling...
Portfolio | Jeffrey Cane | Posted 03.28.2008 | Business
The three biggest banks in the nation--Citigroup, Bank of America, and J.P. Morgan Chase--have agreed on the structure of a $75 billion fund intended ...
CNN/Money | Grace Wong | Posted 03.28.2008 | Business
Wall Street banks made a big move Monday to shore up a key short-term financing market, but it remains to be seen whether the effort will calm investo...
New York Post | PAUL THARP and ZACHERY KOUWE | Posted 04.01.2008 | Business