JPMorgan To Sweeten The Honey Pot
This morning brought news of a refinement of the JPMorgan/Bear Stearns deal. Evidently, Bear Stearns stockholders aren’t happy about the $2/share deal, and want something better. Wouldn’t we all. What will be interesting is whether the Fed accepts the deal...Can JPMorgan Bear The Load?
JPMorgan Chase appears close to closing the deal to acquire Bear Stearns. The arrangement, just 2 days after Bear Stearns stock price dropped 46% in a single trading session, would value the teetering financial services company at about $236 million ($2 per share)....Fed Cuts Key Rate 3/4 Points
Wow, the Federal Reserve has reacted dramatically to the global markets spinning out of control. According to KCCI TV’s web site this morning, the Fed lowered the federal funds rate to 3.5%: In a statement on its Web site, the Federal Reserve took the action in...Stay in Touch
