It was terrible day on global markets as investors took fright at the health of banks and insurers, writes Glenn Dyer.
Us markets
Mars megadeal a sign of market recovery
The worst of the credit crunch seems to be over, as Mars takes over Wrigley … with a little help from Warren Buffett, reports Glenn Dyer.
Even General Electric can’t escape US doom and gloom
US industrial giant, General Electric, has shocked the markets by revealing a 12% drop in first quarter earnings and cut its forecast for 2008 so deeply that it expects little or no gain in profit this year, reports Glenn Dyer.
Investors continue to bask in the afterglow of Bear Stearns bailout
The US stockmarket has come off its worst quarter for five years with its best start to a second quarter for 70 years. But why? asks Glenn Dyer.
Bear Stearns shareholders offered a reprieve
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.
Investors flee as commodities bubble goes south
Predictions that the worst could be over following Tuesday’s rally proved premature as commodities slump, reports Glenn Dyer.
US Fed slashes rates but solves nothing
Wall Street bounced and Australia followed, but the Fed’s 0.75% rate cut doesn’t really change anything, writes Glenn Dyer.
Doubts emerge over Bear Stearns rescue bid
JP Morgan’s “rescue” of Bear Stearns, backed by the US Federal Reserve’s $US30 billion line of credit, could be under threat, reports Glenn Dyer.
Kohler: Nothing can save us from the market predators
It’s ironic, and more than a bit alarming, that the investment banks’ best clients these days are the ones most likely to eat them, writes Alan Kohler.
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.
Mayne: Bear Stearns and the decline of American prestige
George W Bush will go down as arguably the worst US President in history and it will come back to two points: Iraq and the housing-induced credit crash, writes Stephen Mayne.
The “D” word: 1929 into 2008 doesn’t go
Is it too early to make comparisons between the Great Depression and 2008? Thomas Hunter investigates.
US Fed throws the mother of all lifelines
The US Federal Reserve must be very worried, reports Glenn Dyer.
