Archive for March 17th, 2008

EBay sets up affiliate network, hurting ValueClick

Monday, March 17th, 2008

SAN FRANCISCO - EBay Inc has set up its own affiliate network to encourage Web sites to drive traffic to its eBay and Half.com Web sites, reducing its reliance on ValueClick Inc’s network.

Stunned Bear Stearns investors bring legal claims

Monday, March 17th, 2008

NEW YORK - Angry Bear Stearns Co Inc shareholders have wasted no time in bringing legal claims following the company’s stunning stock collapse and $2-a-share fire sale to JPMorgan Chase & Co.

Bear fire sale sparks rout on eve of Fed rate cut

Monday, March 17th, 2008

NEW YORK - A fire sale of Bear Stearns Cos Inc stunned Wall Street and pummeled global financial stocks on the eve of an expected United States interest rate cut aimed at preventing a meltdown of the financial system.

Dow goes up, S&P and Nasdaq down after Bear deal

Monday, March 17th, 2008

NEW YORK - The Dow industrials ended slightly higher, but the S&P 500 and the Nasdaq fell on Monday after JPMorgan Chase & Co’s deal to purchase struggling brokerage Bear Stearns at a rock bottom price failed to dispel fears of deeper fallout from the escalating credit crisis.

Dow goes up, S&P and Nasdaq down after Bear deal

Monday, March 17th, 2008

NEW YORK - The Dow industrials ended slightly higher, but the S&P 500 and the Nasdaq fell on Monday after JPMorgan Chase & Co’s deal to purchase struggling brokerage Bear Stearns at a rock bottom price failed to dispel fears of deeper fallout from the escalating credit crisis.

ADS says Blackstone in breach of contract

Monday, March 17th, 2008

PHILADELPHIA - Alliance Data Systems Corp has said on Monday that Blackstone Group was in breach of contract on its agreement to purchase the credit-card transaction company.

Court overturns Nacchio insider trading conviction

Monday, March 17th, 2008

DENVER/LOS ANGELES - A United States appeals court on Monday threw out the insider trading conviction of former Qwest Communications International Inc Chief Executive Joseph Nacchio, ordering a new trial in front of a different judge.

Paulson defends United States rescue of Bear Stearns

Monday, March 17th, 2008

WASHINGTON - United States Treasury Secretary Henry
Paulson on Monday defended government moves to rescue Bear
Stearns Cos Inc from bankruptcy, saying it was
important to ensure the orderly function of financial markets.