4.48%XLF 15.92 10.56%QQQQ 32.65 6.34%
Digg
Del.icio.us
Newsvine 
Facebook
Stumbleupon
NEW YORK - Stocks are trading higher with investors more upbeat over a report that Bear Stearns Cos. could fetch more money than the amount set in a buyout deal a week ago.
Shares of Bear Stearns are moving higher on a New York Times report that JPMorgan Chase & Co. is in talks to boost its offer to $10 per share from $2. The discussions are aimed at soothing Bear Stearns shareholders who are upset over JPMorgan's earlier offer. That deal was made at the behest of the Federal Reserve when Bear Stearns was near collapse.
In the first minutes of trading, the Dow Jones industrial average is up about 75 at the 12,436 level.
___
On the Net:
The second presidential debate will take place Tuesday night as Republican candidate John McCain faces off against Democratic candidate Barack Ob...
Tyler Perry made history on Saturday night by becoming the first African-America...
Police have found nine more bodies dumped around the Mexican border city of Tiju...
|
Professional Website Design For Corporate - Get a Free Quote Today
Partners  
|
© 2008 The Ibtimes Company. All Rights Reserved. Terms of service | Privacy Policy | Advertising | About Us | Contact Us | Archives
EMAIL
PRINT
RSS
SHARE
-0.96
