0.13%SPY 128.17 
0.54%WM 4.65 20.10%
Digg
Del.icio.us
Newsvine 
Facebook
Stumbleupon
NEW YORK - Bear Stearns Cos., the nation's fifth-largest investment bank, will hold a conference call at 12:30 p.m. EDT to address market speculation related to its announcement earlier Friday that it has received a bailout from the federal government and JPMorgan Chase & Co.
The stunning news sent stocks reeling after the opening bell Friday, but pulled off their lows by midday. Each of the major indexes lost more than 1 percent; the Dow Jones industrial average gave up about 150 points.
Bear Stearns also said it will release fiscal first-quarter financial results on March 17 after the market close. Shares were down 42 percent at $32.94, having earlier reached $26.85, their lowest point since 1997.
Gold experienced a second day of heavy liquidations, following yesterday oil-led and hawkish Fed-induced rout. Significant losses in the euro wer...
"The Dark Knight" made a historical worldwide record of $199.655 million in ticket sales during its first weekend at the theaters, Warn...
Swedish specialty steelmaker SSAB reported second-quarter pretax profit above market expectations on Thursday and said the global steel market sh...
Professional Website Design For Corporate - Get a Free Quote Today
Find the most up to date research from leading investment firms to make the most informed investing decisions
Partners  
|
© 2008 The Ibtimes Company. All Rights Reserved. Terms of service | Privacy Policy | Advertising | About Us | Contact Us | Archives
EMAIL
PRINT
RSS
SHARE
0
1.1
