Established 1999
123jump.com - U.S. Financial Information Archive: 90,000 Annual and 10-K reports – 20,000 Global news stories - 3,500 IPO reports - 1,700 - Earnings Calls – 320 Fund Interviews – 10-year Annual earnings on 4,500 stocks – 20 Quarterly earnings on 3,600 stocks – 1,800 IPO prospectuses – 1,200 Economic data releases
     
   
 
Market Update : 
Bear Stearns Plunges 49%
Author: 123jump.com Staff
123jump.com
Last Update: 10:52 AM EDT March 14 2008


Email article | Print article

Bear Stearns plunges 49% in the morning trading after it agreed for a secured credit facility with JP Morgan. The company in a press release said that its capital position has deteriorated in last 24 hours and is working with JP Morgan to arrange for a permanent financing. The emergency financing arranged with the help of the New York Fed suggests the gravity of th situations. The news also dragged Lehman Brothers stock lower by 10%.

 

 

 
 Email article:
 
  To Email:
  From Email :
 
   
More: Market Update Archive

 
 
© 1999-2008 123jump.com. All rights reserved