iOS app Android app

Jpmorgan Chase Buys Bear Stearns

Bear Stearns Fat Cats Elicit Little Sympathy

ABC News | Russell Goldman | Posted 05.25.2011 | Business

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...

Investors Fear Financial Crisis Will Keep Spreading

NY Times | LANDON THOMAS Jr. | Posted 05.25.2011 | Business

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...

Stocks Widely Mixed on Bear Stearns News

AP | MADLEN READ | Posted 05.25.2011 | Business

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

BEAR STEARNS FORCED TO SELL FOR $2 PER SHARE

Huffington Post | Posted 05.25.2011 | Business

UPDATED 3/17 AT 8am The AP Reports that global markets are tumbling today on the news that Bear Stearns is being bailed out by JP Morgan Chase: Glo...

What Bear Stearns' Meltdown Means To You

ABC News | ALICE GOMSTYN | Posted 05.25.2011 | Business

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...

Obama, Clinton Cite Economic Distress

AP | TOM RAUM | Posted 05.25.2011 | Politics

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

Global, US Market Updates

Huffington Post | Posted 05.25.2011 | Business

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...

Shell-Shocked Bear Stearns Employees Turn To Psychologists

ABC News | Russell Goldman | Posted 05.25.2011 | Business

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

Senator Reid Slams Bush's Handling Of The Economy

New York Times | STEVEN LEE MYERS | Posted 05.25.2011 | Politics

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

Bear Stearns Stockholders Socked

Mortgage News Daily | Posted 05.25.2011 | Business

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...

JPMorgan Buys Ailing Bear Stearns At Bargain Basement Price

New York Times | ANDREW ROSS SORKIN and LANDON THOMAS Jr. | Posted 05.25.2011 | Business

Bear Stearns, facing collapse because of the mortgage crisis, agreed Sunday evening to be bought by JPMorgan Chase for a bargain-basement price of les...

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

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

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 ...

Angry Bear Stearns Investors Eye Legal Claims

Reuters | Martha Graybow | Posted 05.25.2011 | Business

Angry Bear Stearns Co Inc shareholders have wasted no time in calling their lawyers to pursue potential legal recourse over the company's $2-a-share f...

Brokerage Stocks May Drop 50 Percent, Says Oppenheimer Analyst

Times | Catherine Boyle | Posted 05.25.2011 | Business

Meredith Whitney, the Wall Street analyst who received death threats after writing a negative report about Citigroup, has predicted that financial sto...

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

Posted 05.25.2011 | Business

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

US, Global Markets: What's Next?

The Huffington Post | Posted 05.25.2011 | Business

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

Is Lehman Next?

CNN/Money | Colin Barr | Posted 05.25.2011 | Business

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...