Jpmorgan Chase

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

236.com | 23/6: News You Can Misuse | Posted 03.17.2008 | 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 ...

Investors Fear Financial Crisis Will Keep Spreading

NY Times | LANDON THOMAS Jr. | Posted 03.17.2008 | 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...

Senator Reid Slams Bush's Handling Of The Economy

New York Times | STEVEN LEE MYERS | Posted 03.17.2008 | Politics


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

Obama, Clinton Cite Economic Distress

AP | TOM RAUM | Posted 03.17.2008 | Politics


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

Angry Bear Stearns Investors Eye Legal Claims

Reuters | Martha Graybow | Posted 03.17.2008 | 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...

After Bear Stearns: Brady Bonds?

John Tepper Marlin | Posted 03.17.2008 | Business


John Tepper Marlin

The Brady bonds worked in the '90s. Could they work again today to restore liquidity and make unnecessary further direct interventions by the Fed?

Stocks Widely Mixed on Bear Stearns News

AP | MADLEN READ | Posted 03.17.2008 | Business


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

Bear Stearns Stockholders Socked

Mortgage News Daily | Posted 03.17.2008 | 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...

Is Lehman Next?

CNN/Money | Colin Barr | Posted 03.17.2008 | 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...

Global, US Market Updates

Huffington Post | Posted 03.17.2008 | 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...

Brokerage Stocks May Drop 50 Percent, Says Oppenheimer Analyst

Times | Catherine Boyle | Posted 03.17.2008 | Business


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

Hero Of Wall Street

Charles R. Morris | Posted 03.17.2008 | Business


Charles R. Morris

Fed Chairman Ben Bernanke may be running for a "Hero of Wall Street" award. Last week, he threw his body -- or, more accurately, ours -- over the railroad tracks to slow an onrushing Bear Stearns trainwreck.

BEAR STEARNS FORCED TO SELL FOR $2 PER SHARE

Huffington Post | Posted 03.16.2008 | 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...

JPMorgan Buys Ailing Bear Stearns At Bargain Basement Price

New York Times | ANDREW ROSS SORKIN and LANDON THOMAS Jr. | Posted 03.16.2008 | 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...

E*Trade Names New CEO, Explores Possible Sale

AP Via BusinessWeek | Posted 03.03.2008 | Business


Embattled online broker E-Trade Financial Corp. said Monday it named Chairman Donald Layton, a veteran of JPMorgan Chase & Co., to take over as chief ...

Subprime Loans Sink JP Morgan's Fourth Quarter

AP | Madlen Read | Posted 01.16.2008 | Business


JPMorgan Chase & Co. said Wednesday its fourth-quarter profit fell 34 percent after its exposure to subprime mortgages -- though much smaller than at ...

Stocks Slammed By Bad Credit Fears

AP | Tim Paradis | Posted 01.11.2008 | Business


Wall Street plunged again Friday amid renewed fears that the financial sector's troubles with bad credit won't soon end and that some consumers are bu...

Tony Blair To Join JPMorgan

Reuters | Posted 01.09.2008 | Business


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...

More Than 86,000 Mortgage Jobs Were Eliminated in 2007

AP | Posted 01.07.2008 | Business


More than 86,000 mortgage jobs were cut in 2007 because of the weakening real estate market, according to a new report released Monday by MortgageDail...