bear stearns employees
Posted on March 17, 2008, 5:01 amby admin
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JPMorgan Chase, Bear Stearns and their respective directors, executive officers and certain other members of management and employees may be soliciting ...Bear Stearns First Quarter Earnings Announcement Scheduled for ... WELT ONLINE
newsticker.welt.de
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From the Wall Street Journal's web site over the weekend, an amusing and apropos typo:Any deal would all but wipe out Bear Stearns shareholders, whose shares have not traded below 20 since 1995. The pain would be most acute for Bear's own employees, who were seeped in a culture of firm ownership...
www.poorandstupid.com
From Calculated Risk: Fed Announces New Initiatives, by Calculated Risk: From the Federal Reserve: The Federal Reserve on Sunday announced two initiatives designed to bolster market liquidity and promote orderly market functioning. Liquid, well-functioning markets are essential for the promotion of economic growth. First, the Federal Reserve Board voted unanimously to authorize the Federal Reserve Bank of New York to create a lending facility to improve the ability of primary dealers t
economistsview.typepad.com
I??ll buy that for 2 dollars! We don??t normally do economic or financial news stories here at Odd Culture, but this one is a doozy. Remember when you read this story that Bear Stearns was trading around the 80 per share range only a few weeks ago: J.P. Morgan to Buy Bear Stearns: J.P. Morgan Chase agreed to buy Bear Stearns for 2 a share in a stock-swap transaction, people familiar with the matter say. J.P. Morgan will exchange 0.05473 shares of its common stock per one share of Bear Stea
oddculture.com
Then on Friday the US had a Northern Rock moment, when the New York Federal Reserve in effect underwrote a rescue by JP Morgan Chase of Bear Stearns, ...Why Not Let Bear Stearns Go Under The Star-Ledger - NJ.com
www.independent.co.uk
Shareholders in Bear Stearns are basically wiped out. Who knows how many employees will ultimately lose their jobs. And let's hope that's it. Because, as the Financial Times' Lex column says: If another broker loses the confidence of investors and counterparties, the Fed will be on the hook again. But, if there is a next time, it is not obvious which of the big banks would ride to the rescue. Their balance sheets are already seriously constrained, and Bear was the smallest of the leading Wall
www.controlledgreed.com
A JPMorgan executive said on a conference call that 200 employees scrutinized Bear Stearn&39s books over three days. JPMorgan announced earlier it would buy ...With high risk and cheap stock, will Bear be sold? International Herald Tribune
www.reuters.com
The value of Chairman Jimmy Caynes' 5.6 million Bear Stearns shares last Monday: 394 million. Their value tomorrow based on the rumored 18 deal price: 101 million. That's still enough to keep Cayne rolling in herb for the rest of his days. But the lesser employees won't fare so well. Bear employees had much of their retirement assets in the employee stock plan, which is down 75% in a week and down 90% from the all-time high. Imagine seeing that happen to your 401k. Worse, I imagine a lot
wcvarones.blogspot.com
J.P. MORGAN & CHASE CO. has agreed to buy the ailing Bear Stearns investment house for the stock equivalent of 2 a share, according to the Wall Street Journal and plenty of other news outlets. No, that's not a typo. 2 a share. Two. As in, 2 will buy you two-thirds of a gallon of gas, or 2 will buy you half of one of those fancy coffee drinks at Starbucks. That 2. My reaction can be summed up as follows: Holy Mary Mother of God. Oddly, the headline on the WSJ's piece says, "J.P. Morgan R
www.benkepple.com
Another Enron on the Way? Today's announcement that Bear Stearns will be acquired by JP Morgan/Chase is stunning on many levels. The most stunning aspect, though, may be the token price paid for the company: 2/share or 236 million. That price is shocking simply because the company's stock closed at 30/share less than 72 hours earlier. That means shareholders have seen the market value of the company fall from a tad over 4 billion Friday to fifteen times less by Su
servicessafari.blogs.com
Photograph outside Bear Stearns' offices on Friday by Mark Lennihan/AP It's the New York banking equivalent of the Enron meltdown: Bear Stearns has agreed to sell itself to JP Morgan Chase at a fire sale price. When Bear Stearns' 14,000 employees left work Friday afternoon, the bank's stock had already plunged almost 50% in value, closing at 30 a share. But today they found out something much, much, much worse: their company has been purchased for a piddling 2 a share. That's 236MM for a c
gothamist.com
Bear Stearns, hit hard by a cash crunch and bailed out Friday via a historic arrangement with the Federal Reserve and JP Morgan Chase & Co., will no longer stand on its own. JPMorgan said in a press statement released late Sunday evening that the beleaguered investment bank will be acquired for a mere 2 per share as part of a stock-swap deal. Bear Stearns was trading just above 150 per share less than one year ago. Related links: JPMorgan Chase & Co. investor presentation JPMorgan Chase
www.housingwire.com
With comparisons being drawn with Britain??s Northern Rock, Bear Stearns??s difficulties are not just being felt by its 14000 employees. ...Fed and Rival Bail Out Bear Stearns The Associated Press
www.timesonline.co.uk
Bear Stearns Is Sold by movermike I am just sick! In January of 2008, Bear Stearns BSC was trading at 170 per share. As I noted here, it dropped almost 50% on Friday to 30. At 30, the market was saying BSC, a firm that had been business for almost 85 years, a firm that never had a losing year, a firm that was 1/3 owned by the employees, was worth over 4 Billion. Over this weekend the PTB met and rescued the world from a bankruptcy and JP Morgan bought BSC for 2 a share or about 236 M
www.movermike.com
Ouch. Many well-known investors, from billionaire Joe Lewis to Bruce Sherman, the head of Legg Mason Inc.'s Private Capital Management Inc. money-management firm, have seen the value of their stakes in Bear Stearns plummet. The pain could be most acute for Bear Stearns's employees, who are steeped in a culture of personal ownership -- and hold about a third of the firm's shares outstanding. Bear has over 14,000 employees. ...ouch: Perhaps moreso than any other major investment securities fir
atrios.blogspot.com
On a conference call with analysts March 14, he said Bear Stearns had retained investment bank Lazard Ltd. to consider options. The firm had 14153 employees ...
business.smh.com.au
Updated JPMorgan this evening announced that it will buy Bear Stearns for approximately 2 per share, or less than 250 million. For context, Bear Stearns shares opened trading at around 57 per share on Friday, and closed down at 30 per share. It is unclear what, if anything, this sale will mean for Bear??s private equity activities save for some?rapid name changes. The?firm has wholly-owned divisions focused on both fund placement and fund-of-funds investment. It also has a mid-market buyo
www.pehub.com
The deal values New York-based Bear Stearns, with 14000 employees, at 2 a share, compared with 30 at the close on Friday. It was trading at 158 last ...
www.dallasnews.com
From Calculated Risk: Fed Announces New Initiatives, by Calculated Risk: From the Federal Reserve: The Federal Reserve on Sunday announced two initiatives designed to bolster market liquidity and promote orderly market functioning. Liquid, well-functioning markets are essential for the promotion of economic growth. First, the Federal Reserve Board voted unanimously to authorize the Federal Reserve Bank of New York to create a lending facility to improve the ability of primary dealers t
economistsview.typepad.com
Buyout terms have been announced. The Wall Street Journal is reporting J.P. Morgan to Buy Bear Stearns. J.P. Morgan Chase agreed to buy Bear Stearns for 2 a share in a stock-swap transaction, people familiar with the matter say. J.P. Morgan will exchange 0.05473 shares of its common stock per one share of Bear Stearns stock. Both boards have approved the transaction. Indeed, the Fed is taking the extraordinary step of providing special financing in connection with this transaction. The Fed has
globaleconomicanalysis.blogspot.com
said a former Bear Stearns employee who said he talked with bank insiders. CEO Schwartz said on the conference call that outflows of cash from the prime ...
money.cnn.com
Yes, looks like Bear is taking a page from the Costanza School of Dealmaking. JPMorgan Chase & Co JPM said on Sunday it would buy stricken rival Bear Stearns BSC for just 2 a share in an all-stock deal valuing the fifth largest investment bank at about 236 million. Under the deal, the Federal Reserve will provide special financing and has agreed to fund up to 30 billion of Bear Stearns' less liquid assets. In a statement, JPMorgan said it would exchange 0.05473 shares of its stoc
adamsoptions.blogspot.com
The Wall Street Journal and other news outlets are reporting that Bear Stearns is being acquired -- at 2 per share, versus a closing price of 30 and 57 on Thursday. Some might say this is payback for a firm that had a reputation for being arrogant, self-serving, and hypocritical -- and prone to making enemies. In fact, some might say that Bear Stearns just got 'Spitzered.' Regardless, I'm pretty sure they won't be the last financial firm to go out this way. "J.P. Morgan to Buy Bear Ste
www.financialarmageddon.com
Hundreds of Bear Stearns employees went to work yesterday to help with the sale process and the presentations. Bear Stearns has offices in cities including ...JPMorgan Chase Buying Bear Stearns for 2 a Share New York Times
www.bloomberg.com
Another week of all-time record high commodity prices and a fresh record low US Dollar has had the expected result in US equity markets: the stocks of the commodity producers and export manufacturing sectors have led the way to a week over week gain in the broad indexes, but traders are focused on the macro picture and remain nervous. US Dollar and commodity price sensitive Basic Materials XLB +3.16%, Energy XLE +1.36% and Industrials XLI +1.15% were the strongest of the market??s ten sec
www.billcara.com
A weekend rate cut, and a cut-rate deal for Bear Stearns. Here's the latest. The Fed has cut the discount rate to 3.25 percent. Here's more from Forbes: "In two emergency moves to bolster market liquidity on Sunday night, the Federal Reserve cut its discount rate for direct loans to banks by 0.25 pct point to 3.25 pct and created a special lending facility at the New York Federal Reserve Bank for primary dealers in the securitization market. The two initiatives are 'designed to bolster mar
financetrends.blogspot.com
Hundreds of Bear Stearns employees worked yesterday to help with the process along with teams of bankers from JPMorgan who descended on Bear Stearns&39s ...Bear Stearns Employees Mull Options As Firm Does The Same CNNMoney.com
www.bloomberg.com
The deal values New York-based Bear Stearns, which has 14000 employees, at just US2 a share, compared with US30 at the close on March 14. ...
www.nzherald.co.nz
Some in the satellite radio sector have complained about a diminishing valuation of the satellite radio stocks as the merger drags on and on, but what has happened to Sirius and XM pales in comparison to what has recently transpired with Bear Stearns. The investment bank, which has traded as high as 170 is now being sold for only 236 million to JP Morgan. This shows just how fast things can fall apart, and just how bad the sub prime crisis was. Will investors be nervous on St. Patrick??s Day?
siriusbuzz.com
Shocking news.... Asian stocks opened sharply lower, and the dollar fell Monday morning despite steps taken by the US central bank to avert a credit crisis that threatens to plunge the US economy into recession. In an emergency move, the US Federal Reserve late Sunday cut its lending rate to banks, about the same time US banking giant JPMorgan Chase agreed to buy cash-strapped rival Bear Stearns. The bank sale valued Bear Stearns at about 250 million--or 2 per share--a 93% discount off the
chinaconfidential.blogspot.com
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all about eve torrent
peter pohlner
umass amherst
grand prix tickets melbourne 2008
mary poppins on broadway
landscaping
jeff burton and clint bowyer argue
ncaa bracket picks
JPMorgan Chase To Acquire Bear Stearns - WELT ONLINE
JPMorgan Chase, Bear Stearns and their respective directors, executive officers and certain other members of management and employees may be soliciting ...Bear Stearns First Quarter Earnings Announcement Scheduled for ... WELT ONLINE
newsticker.welt.de
i can make you thin tlc
2010 genesis sports coupe
boston massacre in 1770
outdoor recreation group
2008 nit selection
quartering act pictures
brandon rush bio
YOU CAN SAY THAT AGAIN
From the Wall Street Journal's web site over the weekend, an amusing and apropos typo:Any deal would all but wipe out Bear Stearns shareholders, whose shares have not traded below 20 since 1995. The pain would be most acute for Bear's own employees, who were seeped in a culture of firm ownership...
www.poorandstupid.com
The Federal Reserve Expands Direct Borrowing
From Calculated Risk: Fed Announces New Initiatives, by Calculated Risk: From the Federal Reserve: The Federal Reserve on Sunday announced two initiatives designed to bolster market liquidity and promote orderly market functioning. Liquid, well-functioning markets are essential for the promotion of economic growth. First, the Federal Reserve Board voted unanimously to authorize the Federal Reserve Bank of New York to create a lending facility to improve the ability of primary dealers t
economistsview.typepad.com
Bear Stearns Sells for 2 A Share
I??ll buy that for 2 dollars! We don??t normally do economic or financial news stories here at Odd Culture, but this one is a doozy. Remember when you read this story that Bear Stearns was trading around the 80 per share range only a few weeks ago: J.P. Morgan to Buy Bear Stearns: J.P. Morgan Chase agreed to buy Bear Stearns for 2 a share in a stock-swap transaction, people familiar with the matter say. J.P. Morgan will exchange 0.05473 shares of its common stock per one share of Bear Stea
oddculture.com
Economic View: Budget? What Budget? America is reeling - Independent
Then on Friday the US had a Northern Rock moment, when the New York Federal Reserve in effect underwrote a rescue by JP Morgan Chase of Bear Stearns, ...Why Not Let Bear Stearns Go Under The Star-Ledger - NJ.com
www.independent.co.uk
Two Bucks A Share
Shareholders in Bear Stearns are basically wiped out. Who knows how many employees will ultimately lose their jobs. And let's hope that's it. Because, as the Financial Times' Lex column says: If another broker loses the confidence of investors and counterparties, the Fed will be on the hook again. But, if there is a next time, it is not obvious which of the big banks would ride to the rescue. Their balance sheets are already seriously constrained, and Bear was the smallest of the leading Wall
www.controlledgreed.com
JPMorgan: Bear Stearns well run, good risk controls - Reuters
A JPMorgan executive said on a conference call that 200 employees scrutinized Bear Stearn&39s books over three days. JPMorgan announced earlier it would buy ...With high risk and cheap stock, will Bear be sold? International Herald Tribune
www.reuters.com
Easy come, easy go
The value of Chairman Jimmy Caynes' 5.6 million Bear Stearns shares last Monday: 394 million. Their value tomorrow based on the rumored 18 deal price: 101 million. That's still enough to keep Cayne rolling in herb for the rest of his days. But the lesser employees won't fare so well. Bear employees had much of their retirement assets in the employee stock plan, which is down 75% in a week and down 90% from the all-time high. Imagine seeing that happen to your 401k. Worse, I imagine a lot
wcvarones.blogspot.com
Two Bear Shares Now Equal One Cup of Coffee
J.P. MORGAN & CHASE CO. has agreed to buy the ailing Bear Stearns investment house for the stock equivalent of 2 a share, according to the Wall Street Journal and plenty of other news outlets. No, that's not a typo. 2 a share. Two. As in, 2 will buy you two-thirds of a gallon of gas, or 2 will buy you half of one of those fancy coffee drinks at Starbucks. That 2. My reaction can be summed up as follows: Holy Mary Mother of God. Oddly, the headline on the WSJ's piece says, "J.P. Morgan R
www.benkepple.com
Calling all Lawyers... The Bear Stearns Collapse
Another Enron on the Way? Today's announcement that Bear Stearns will be acquired by JP Morgan/Chase is stunning on many levels. The most stunning aspect, though, may be the token price paid for the company: 2/share or 236 million. That price is shocking simply because the company's stock closed at 30/share less than 72 hours earlier. That means shareholders have seen the market value of the company fall from a tad over 4 billion Friday to fifteen times less by Su
servicessafari.blogs.com
JP Morgan Buys Bear Stearns for Pennies on the Dollar
Photograph outside Bear Stearns' offices on Friday by Mark Lennihan/AP It's the New York banking equivalent of the Enron meltdown: Bear Stearns has agreed to sell itself to JP Morgan Chase at a fire sale price. When Bear Stearns' 14,000 employees left work Friday afternoon, the bank's stock had already plunged almost 50% in value, closing at 30 a share. But today they found out something much, much, much worse: their company has been purchased for a piddling 2 a share. That's 236MM for a c
gothamist.com
Subprime Victim: JPMorgan to Acquire Bear Stearns in Fire Sale
Bear Stearns, hit hard by a cash crunch and bailed out Friday via a historic arrangement with the Federal Reserve and JP Morgan Chase & Co., will no longer stand on its own. JPMorgan said in a press statement released late Sunday evening that the beleaguered investment bank will be acquired for a mere 2 per share as part of a stock-swap deal. Bear Stearns was trading just above 150 per share less than one year ago. Related links: JPMorgan Chase & Co. investor presentation JPMorgan Chase
www.housingwire.com
Bear Stearns: the banking twister heading your way - Times Online
With comparisons being drawn with Britain??s Northern Rock, Bear Stearns??s difficulties are not just being felt by its 14000 employees. ...Fed and Rival Bail Out Bear Stearns The Associated Press
www.timesonline.co.uk
Bear Stearns Is Sold
Bear Stearns Is Sold by movermike I am just sick! In January of 2008, Bear Stearns BSC was trading at 170 per share. As I noted here, it dropped almost 50% on Friday to 30. At 30, the market was saying BSC, a firm that had been business for almost 85 years, a firm that never had a losing year, a firm that was 1/3 owned by the employees, was worth over 4 Billion. Over this weekend the PTB met and rescued the world from a bankruptcy and JP Morgan bought BSC for 2 a share or about 236 M
www.movermike.com
More Lucky Duckies
Ouch. Many well-known investors, from billionaire Joe Lewis to Bruce Sherman, the head of Legg Mason Inc.'s Private Capital Management Inc. money-management firm, have seen the value of their stakes in Bear Stearns plummet. The pain could be most acute for Bear Stearns's employees, who are steeped in a culture of personal ownership -- and hold about a third of the firm's shares outstanding. Bear has over 14,000 employees. ...ouch: Perhaps moreso than any other major investment securities fir
atrios.blogspot.com
Cayne not able to save Bear - Sydney Morning Herald
On a conference call with analysts March 14, he said Bear Stearns had retained investment bank Lazard Ltd. to consider options. The firm had 14153 employees ...
business.smh.com.au
Buh Bye Bear
Updated JPMorgan this evening announced that it will buy Bear Stearns for approximately 2 per share, or less than 250 million. For context, Bear Stearns shares opened trading at around 57 per share on Friday, and closed down at 30 per share. It is unclear what, if anything, this sale will mean for Bear??s private equity activities save for some?rapid name changes. The?firm has wholly-owned divisions focused on both fund placement and fund-of-funds investment. It also has a mid-market buyo
www.pehub.com
JPMorgan will buy struggling Bear Stearns - Dallas Morning News
The deal values New York-based Bear Stearns, with 14000 employees, at 2 a share, compared with 30 at the close on Friday. It was trading at 158 last ...
www.dallasnews.com
The Federal Reserve Expands Direct Borrowing
From Calculated Risk: Fed Announces New Initiatives, by Calculated Risk: From the Federal Reserve: The Federal Reserve on Sunday announced two initiatives designed to bolster market liquidity and promote orderly market functioning. Liquid, well-functioning markets are essential for the promotion of economic growth. First, the Federal Reserve Board voted unanimously to authorize the Federal Reserve Bank of New York to create a lending facility to improve the ability of primary dealers t
economistsview.typepad.com
PUT Buyers Celebrate Bear Stearns' Demise
Buyout terms have been announced. The Wall Street Journal is reporting J.P. Morgan to Buy Bear Stearns. J.P. Morgan Chase agreed to buy Bear Stearns for 2 a share in a stock-swap transaction, people familiar with the matter say. J.P. Morgan will exchange 0.05473 shares of its common stock per one share of Bear Stearns stock. Both boards have approved the transaction. Indeed, the Fed is taking the extraordinary step of providing special financing in connection with this transaction. The Fed has
globaleconomicanalysis.blogspot.com
UPDATE: Bear Stearns CEO Outlines A Run On The Bank - CNNMoney.com
said a former Bear Stearns employee who said he talked with bank insiders. CEO Schwartz said on the conference call that outflows of cash from the prime ...
money.cnn.com
"We're Negotiating
Yes, looks like Bear is taking a page from the Costanza School of Dealmaking. JPMorgan Chase & Co JPM said on Sunday it would buy stricken rival Bear Stearns BSC for just 2 a share in an all-stock deal valuing the fifth largest investment bank at about 236 million. Under the deal, the Federal Reserve will provide special financing and has agreed to fund up to 30 billion of Bear Stearns' less liquid assets. In a statement, JPMorgan said it would exchange 0.05473 shares of its stoc
adamsoptions.blogspot.com
Bear Stearns Gets 'Spitzered'
The Wall Street Journal and other news outlets are reporting that Bear Stearns is being acquired -- at 2 per share, versus a closing price of 30 and 57 on Thursday. Some might say this is payback for a firm that had a reputation for being arrogant, self-serving, and hypocritical -- and prone to making enemies. In fact, some might say that Bear Stearns just got 'Spitzered.' Regardless, I'm pretty sure they won't be the last financial firm to go out this way. "J.P. Morgan to Buy Bear Ste
www.financialarmageddon.com
JPMorgan Chase Buys Bear Stearns for 240 Million Update2 - Bloomberg
Hundreds of Bear Stearns employees went to work yesterday to help with the sale process and the presentations. Bear Stearns has offices in cities including ...JPMorgan Chase Buying Bear Stearns for 2 a Share New York Times
www.bloomberg.com
Week in Review 11 2008-03-16
Another week of all-time record high commodity prices and a fresh record low US Dollar has had the expected result in US equity markets: the stocks of the commodity producers and export manufacturing sectors have led the way to a week over week gain in the broad indexes, but traders are focused on the macro picture and remain nervous. US Dollar and commodity price sensitive Basic Materials XLB +3.16%, Energy XLE +1.36% and Industrials XLI +1.15% were the strongest of the market??s ten sec
www.billcara.com
Fed cuts, Bear 2 bucks
A weekend rate cut, and a cut-rate deal for Bear Stearns. Here's the latest. The Fed has cut the discount rate to 3.25 percent. Here's more from Forbes: "In two emergency moves to bolster market liquidity on Sunday night, the Federal Reserve cut its discount rate for direct loans to banks by 0.25 pct point to 3.25 pct and created a special lending facility at the New York Federal Reserve Bank for primary dealers in the securitization market. The two initiatives are 'designed to bolster mar
financetrends.blogspot.com
Bear Stearns, JPMorgan Strive for Sale, People Say Update2 - Bloomberg
Hundreds of Bear Stearns employees worked yesterday to help with the process along with teams of bankers from JPMorgan who descended on Bear Stearns&39s ...Bear Stearns Employees Mull Options As Firm Does The Same CNNMoney.com
www.bloomberg.com
Rival bank picks up Bear Stearns for bargain price - New Zealand Herald
The deal values New York-based Bear Stearns, which has 14000 employees, at just US2 a share, compared with US30 at the close on March 14. ...
www.nzherald.co.nz
Bear Stearns at 2 Per Share?
Some in the satellite radio sector have complained about a diminishing valuation of the satellite radio stocks as the merger drags on and on, but what has happened to Sirius and XM pales in comparison to what has recently transpired with Bear Stearns. The investment bank, which has traded as high as 170 is now being sold for only 236 million to JP Morgan. This shows just how fast things can fall apart, and just how bad the sub prime crisis was. Will investors be nervous on St. Patrick??s Day?
siriusbuzz.com
Bear Stearns Sold at Terrifying Discount
Shocking news.... Asian stocks opened sharply lower, and the dollar fell Monday morning despite steps taken by the US central bank to avert a credit crisis that threatens to plunge the US economy into recession. In an emergency move, the US Federal Reserve late Sunday cut its lending rate to banks, about the same time US banking giant JPMorgan Chase agreed to buy cash-strapped rival Bear Stearns. The bank sale valued Bear Stearns at about 250 million--or 2 per share--a 93% discount off the
chinaconfidential.blogspot.com