JP Morgan’s revised offer for Bear Stearns has assured Wall Street that, whatever happens, shareholders and high flyers in investment banks will be looked after, writes Glenn Dyer.
Federal Reserve
Fed’s $30b made Bear Stearns a BUY for JP Morgan
At the start of 2007 Bear Stearns had a market cap of $US20 billion. After four days of fevered negotiations, rival investment bank JP Morgan bought it for just $US240 million, writes Glenn Dyer.
US Fed throws the mother of all lifelines
The US Federal Reserve must be very worried, reports Glenn Dyer.
Morning Market Report
The highlights and lowlights of this morning’s sharemarket activity.
Morning Market Report
The highlights and lowlights of this morning’s sharemarket activity.
Mungo MacCallum: at least Kevin kept his pants on
My immediate take on the great Kevin Rudd stripclub scandal is the same as Peter Beattie’s: it is unlikely to do the uptight opposition leader any harm at all.
