JP Morgan Chase
Financials Spur Rally for Stocks
Read the full article: http://online.wsj.com/article/SB120600953707351603.html
The financial sector led a furious stock-market rally Thursday, with banks and brokerages snapping back from a deep selloff a day earlier, while commodities prices continued a rapid retreat from record levels.
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Bear Stearns Deal Not Going The Way The Fed Hoped For
Read the full article: http://www.money-rx.com/blog/2008/03/sec-fires-bear-stearns-...
Why Bear Stearns shares rising up is a bigger problem than it looks. Also, Bear Stearns head honcho Alan Schwartz has an overflowing cup of woes. Forbes - SEC planning investigation and potential inquiries. Reuters - Bear Stearns Cos Inc Chairman James Cayne and top shareholder Joe Lewis are quietly searching for another bidder.
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