Displaying 452 results
Senate sniffing around Bear deal
The U.S. Senate has joined a laundry list of analysts and shareholders scrutinizing the deal in order to see how it was negotiated and whether it will affect taxpayers.
Blackrock to oversee Bear takeover
BlackRock will manage and liquidate Bear's assets to repay the loans, interest, and management expenses of the company.
Bear Stearns reps get retention deal
Recruiters think JPMorgan's package might not be enough to keep Bear's largest producers from jumping ship.
JPMorgan feeds hungry Bear shareholders
JPMorgan Chase upped its offer to buy Bear Stearns five-fold, to $10 per share, in an effort to calm angry shareholders.
Betting against Bear: short sellers profit
Shares in Bear Stearns rose yesterday, moving well beyond the $2-per-share price set by JPMorgan to acquire the stricken brokerage firm.
JPMorgan could cut 7,000 Bear jobs
JPMorgan Chase, which bought Bear Stearns for $240 million, expects to cut about half of Bear's 14,000 employees.
Fed cuts discount rate
The Federal Reserve yesterday slashed the discount lending rate by a quarter-point to 3.25%, as part of a set of initiatives to bolster market liquidity and promote "market functioning.”
Fed, JPMorgan assist Bear Stearns
The Federal Reserve and JPMorgan Chase & Co. have agreed to provide secured financing to beleaguered Bear Stearns.
Dimon: Housing mess relief a year away
"it looks to me, [recession is] what we're in right now, JPMorgan Chase chairman and CEO James Dimon said.
JPMorgan to bulk up Asia presence
JPMorgan Chase & Co. plans to add 1,700 new staffers in the region during 2008, the Financial Times reported.
Goldman, Merrill cut JPMorgan estimates
The news comes less than a month after analyst at Lehman and Deutsche owered their Q1 estimates for Goldman.
JPMorgan rewards Dimon with special options
JPMorgan Chase has granted chief executive Jamie Dimon a special award of two million options.
