Archive for March 16th, 2008

Rocky ride for stocks; eyes on Bear

Sunday, March 16th, 2008

NEW YORK - The rocky ride for the United States stock market is likely to intensify this week with investors focusing on a deal to save one of the largegest investment banks while regulators rapidly burn through options to limit more damage to the financial system.

Perry Ellis, G-III shares likely to rise: Barron’s

Sunday, March 16th, 2008

NEW YORK - Shares of Perry Ellis International and G-III Apparel are likely to rise this year, barring a deep economic recession, fueled by good management, strong finances and a healthy outlook for their brands, according to business weekly Barron’s.

JPMorgan in talks to acquire Bear: FT

Sunday, March 16th, 2008

NEW YORK - JPMorgan Chase & Co is in talks to acquire Bear Stearns Cos Inc after teaming up with the Federal Reserve to provide emergency financing to the investment bank, the Financial Times reported on Sunday.

Dollar caught in Fed, ECB cross-fire

Sunday, March 16th, 2008

WASHINGTON - The United States Federal Reserve is poised to cut interest rates again this week while the European Central Bank remains on hold for a while, leaving the beleaguered United States dollar caught in the cross-fire.

Housing group challenges Fed’s Bear Stearns deal

Sunday, March 16th, 2008

WASHINGTON - A housing and fair lending activist group has challenged the legality of the Federal Reserve’s quick approval of financing for Bear Stearns via JPMorgan Chase , questioning the Fed’s authority to approve the deal because it involves a non-bank institution.

Fed set to slash United States rates as credit turmoil rages

Sunday, March 16th, 2008

CHICAGO - Faced with a raging credit crisis and an economy that may be mired in recession, the United States Federal Reserve looks set to cut interest rates sharply on Tuesday in a bid to avert a possibly severe downturn.

United States ready to maintain financial stability: Paulson

Sunday, March 16th, 2008

WASHINGTON - United States Treasury Secretary Henry Paulson on Sunday tried to allay election-year fears about the economy amid growing market turmoil, saying the government was prepared to do what it takes to maintain stability in the financial system.

United States ready to maintain financial stability: Paulson

Sunday, March 16th, 2008

WASHINGTON - United States Treasury Secretary Henry Paulson on Sunday tried to allay election-year fears about the economy amid growing market turmoil, saying the government was prepared to do what it takes to maintain stability in the financial system.