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BSC Articles
Next week is the highly awaited FOMC meeting and the expected decision next Tuesday is certainly that a rate cut is coming. But the predicament bet is mixed, with some looking for a 25-basis point...
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McGraw-Hill (MGP) sacked the head of its S&P unit on the theory that the ratings agency should have seen sub-prime problems coming sooner and downgraded pools of the mortgage-backed securities....
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Stocks Tickers: MCO, MHP, XLF, GS, MS, MER, LEH, BSC, C, BAC, JPM, WFC, WB You will have to have a subscription in order to access the full article, but Moody’s has an article stating that major US...
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GM (GM) CEO Rick Wagoner says that the big car company is OK despite the tough stock market and problems in the mortgage sector. According to Reuters, "GM’s exposure to the subprime mortgage market...
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These intra-meeting cuts like the 50-basis point discount rate cut this morning, even if this one is the discount rate rather than the funds rate, do act as stabilizers and you are seeing it in the...
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Bloomberg is reporting that $8 billion Global Alpha hedge fund is down 26% this year and 40% since July 31. The fall is going to cost Goldman Sachs (GS) a lot of money. The fund brought in $700...
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According to Reuters the Asia central banks put extra cash into the banking systems as markets there fell sharply. Reuters writes that Man Group, the UK hedge fund, has delays its IPO. Reuters writes...
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According to Reuters, Bear Stearns (BSC) has several potential buyers including JP Morgan (JPM) and Bank of America (BAC) Reuters writes that a court overturned a patent infringement award won by...
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On August 1, 24/7 Wall St. said that Bear Stearns (BSC) would trade below $100. At the point we posted the article, BSC was at $121. The shares hit $99.75 today. The Average American Is Losing Their...
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According to Reuters, Bear Stearns (BSC) pushed out one of its presidents after problems that closed two of its hedge funds. Reuters writes that Robert Nardelli, former CEO of Home Depot (HD), will...
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The Wall Street Journal reports that Bear Stearns is about to fire its co-president who is also head of its trading operations. He will be the highest-level person at the company to take the fall for...
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On tonight’s MAD MONEY on CNBC, Jim Cramer said that today and this week proves sometimes you can’t be too bullish. You need a measure for an ‘all-clear’ signal to see when the market is...
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IKB, a specialist lender based in Düsseldorf, was bailed out by the German government. According to the Financial Times, Jochen Sanio, head of Germany’s financial regulator, is said to have warned...
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On today’s STOP TRADING on CNBC, Jim Cramer discussed the myriad of financial-related stocks and anything tied to housing as an area he’d still stay away from. In fact he said he’d sell most...
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American Home Mortgage Corp. (NYSE:AHM) shares traded over 30 million shares yesterday after being halted for a day and a half. It is likely that the sub-Saharan tribal residents know of the...
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