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JPMorgan says to buy Bear Stearns for $2 a Share (Reuters)
NEW YORK (Reuters) - JPMorgan Chase & Co (JPM.N) said on Sunday it would buy stricken rival Bear Stearns (BSC.N) for just $2 a share in an all-stock deal valuing the fifth largest investment bank at ...
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Fed Cuts Discount Rate By 0.25% To 3.25%, Takes Wider Range Of Collateral (Scott Lanman)
March 16 (Bloomberg) -- The Federal Reserve reduced the rate on direct loans to commercial banks by a quarter-point and said it will allow primary dealers to borrow at the rate in exchange for a ...
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Bear Stearns Racing Toward Selling Itself to JPMorgan (Andrew Ross Sorkin and Landon Thomas Jr.)
Bear Stearns was racing Sunday afternoon to sell itself to JPMorgan Chase for more than $2 billion, according to people involved in the talks. Meanwhile, Bear Stearns, whose solvency is in question, ...
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Wall Street Fears for Next Great Depression (Margareta Pagano)
Wall Street is bracing itself for another week of roller-coaster trading after more than $300bn (£150bn) was wiped off the US equity markets on Friday following the emergency funding package put ...
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Behind Bear Stearns Rescue Plan, a Wall St. Domino Theory (Jenny Anderson, Vikas Bajaj)
The Federal Reserve’s unusual decision to provide emergency assistance to Bear Stearns underscores a long-building concern that one failure could spread across the financial system.
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'Muscle' Silences Credit Card Adversaries (Vija Udenans)
Christy Mylar Smith and her husband paid their Citibank card bill on time for years -- but when they paid late twice in one year, their interest rate increased from 12.9 percent to 31.4 percent ...
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Blind, and With Vision (Mary Lyon)
Can we clone David Paterson? Granted, most of the country is only starting to get to know New York's incoming governor, but perhaps that's an indication of just how desperate these times are. At ...
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Most Economists Say Recession Has Arrived as Outlook Darkens (Phil Izzo)
The U.S. has finally slid into recession, according to the majority of economists in the latest Wall Street Journal economic-forecasting survey, a view that was reinforced by new data showing a ...
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U.S. February Foreclosures Up 60 Pct on Yr -RealtyTrac (Reuters)
U.S. home foreclosure filings in February edged down from January but were a whopping 60 percent higher than a year earlier, real estate data firm RealtyTrac said on Thursday.
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Paulson Admits Deregulation has Failed Us All (Marketwatch)
You know things are very very bad on Wall Street when a guy like Henry Paulson -- Treasury secretary, solid Republican, and former Goldman Sachs CEO -- joins the crowd calling for more regulation ...
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Site News: World News Trust v3.0 in Development
For those who have been long-time readers of WNT, we have been through two iterations already: our original site used the Xoops content management system and v2.0 was, of course, our move to the ...
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