BSC

Media Digest 4/29/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

According to Reuters, Cadbury is looking at buying Hershey. Reuters writes that banks being sued by Clear Channel (CCU) have asked for a delay of a Texas trial.Reuters reports that ...
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Former Fed Official Call Bear Stearns Deal “the worst policy mistake in a generation”

Why hold back feelings? Vincent Reinhart, former head of monetary affairs at the Federal Reserve called the deal to save Bear Strearns (BCS) by backing a sale to JP Morgan ...
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Media Digest 4/15/2008 Reuters, WSJ, NYTImes, FT, Barron’s

According to Reuters, Northwest (NWA) and Delta (DAL) will merge to create the world's largest airline.Reuters writes that the profit at Bear Stearns (BSC) fell 79%. Reuters reports that Continental ...
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Wall St.’s New Superdelegates (GS)(MS)(JPM)(C)(MER)(AIG)

A decade ago, when there were big problems in the financial markets a very small group of people came in for the fix. E. Gerald Corrigan, a man of massive ...
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Fed Puts Spies At Brokerage Firms (GS)(MS)(BSC)(MER)(LEH)

The Fed does not want to see all the money it has give to brokerages in exchange for lousy paper to go down the toilet so it has stationed its ...
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Media Digest 4/3/2008 Reuters, WSJ, NYTimes, FT, Barron’s

According to Reuters, The Treasury said that regulators saved Bear Stearns (BSC) to help the markets.Reuters writes that Sony (SNE) will cut costs and boost order to fight the strong ...
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News Digest 4/2/2008 Reuters, WSJ, NYTImes, FT, Bloomberg

According to Reuters, Lehman (LEH) raised $4 billion.Reuters writes  that US factory orders probably fell in February.Reuters reports that the Fed approved the JPMorgan (JPM) purchase of Bear Stearns (BSC)Reuters ...
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Another Bear Stearns Director Unloads Shares (BSC, JPM)

Another director of Bear Stearns Companies, Inc. (NYSE: BSC) has unloaded his holdings as the stock was trading north of a buyout price for some time.  Paul A. Novelly, a ...
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UBS (UBS) Presages US Bank Earnings (C)(MER)(MS)

At UBS (NYSE: UBS) it all hit the fan today. Marcel Ospel, the bank's chairman, is on the way out. The financial firm wrote-off another $19 billion. The company plans ...
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Will Financial Stocks Make New Lows? (C)(JPM)(LEH)(MER)(WM)(WB)(MS)(WFC)

There has been some misplaced optimism that financial stocks bottomed earlier this month based on the notion that much of the bad news about write-offs had come out. Mid-month, the ...
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Media Digest 3/28/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

According to Reuters, Bank of America (BAC) will pay the president of Countrywide (CFC) $28 million to stay and run the company after the buy-out is complete.Reuters writes that the ...
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Bear Stearns (BSC): James Cayne Does Something Right For Once

James Cayne, chairman and, before he was asked to leave, CEO of Bear Stearns (NYSE: BSC) sold all of his holdings in the firm for $61 million, according to filings ...
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Jimmy Cayne Unloads All Bear Stearns Stock (BSC, JPM)

Bear Stearns Companies Inc. (NYSE: BSC) has an SEC filing out showing that Chairman James "Jimmy" Cayne sold shares the day after JPMorgan Chase (NYSE: JPM) sweetened its bid offering ...
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Media Digest 3/27/2008 Reuters, WSJ, NYT, FT, Bloomberg

According to Reuters, Oppenheimer cut is earnings forecasts for Merrill Lynch (MER) and UBS (UBS) a day after cutting Citigroup (C) and Bank of America (BAC).Reuters reports that the Meriwether ...
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Financial Write-Downs May Just Be Starting (C)(BSC)(JPM)

Goldman Sachs says that write-downs for subprime mortgage paper, LBOs, credit cards,and other bad paper could hit banks and brokerages for $460 billion. That is almost three times the write-offs ...
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