Category

U.S. Economy

Two Bear Stearns Hedge Funds Declare Bankruptcy, a Third Freezes Assets

By Jason Simpkins Two Bear Stearns Cos. hedge funds filed for bankruptcy Wednesday while another froze its assets. The Bear Stearns High-Grade Structured Credit Strategies Master Fund Ltd. and the Bear Stearns High-Grad Structured Credit Strategies Enhanced Leverage Master Fund Ltd. have filed for protection under Chapter 15 of the bankruptcy code. It became evident […]

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Consumers Confidence: What a Difference a Month Makes

By Jason Simpkins Consumer spending made a disappointing showing in June, with only a tepid increase from the month before. But consumer confidence shot up in July to its highest level in nearly six years, giving investors some hope that a resurgent consumer can help the U.S. economy to navigate its current morass of housing […]

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State Investment Funds: Beware of the Big New Buyers

When Britain's Barclay Bank PLC (NYSE: BCS) boosted its bid for Dutch Bank ABN AMRO Holding NV (NYSE: ABN) to more than $93 billion in the world's largest-ever takeover battle, it did so thanks to a financial boost from state-run investment funds in China and Singapore.

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News Corp. and Dow Jones Reach Deal Last Night

From Staff Reports It appears that media mogul Rupert Murdoch finally has his prize. The boards of directors of Wall Street Journal parent Dow Jones & Co. Inc., and Murdoch’s News Corp. (NYSE: NWS) late yesterday were reported to have approved a deal in which News Corp. will buy Dow Jones for $5 billion in […]

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U.S. Stocks Rebound, Aided by Upbeat Profit Reports

By Jason Simpkins Following a week in which U.S. stocks posted their worst showing since March 2003, shares yesterday posted some solid gains after a day of choppy trading. After being down as much as 46 points, the Dow Jones Industrial Average reversed course and rebounded to gain nearly 93 points, or 0.70%, to close […]

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The U.S. Credit Crunch Reaches from Main Street to Wall Street

The "credit crunch" that started on Main Street with the U.S. housing market has now spread to Wall Street. But the next question is how bad this liquidity squeeze will get: At it worst, it could terminate the buyout wave that's been a big part of the reason U.S. stock prices have achieved record highs this summer – sending U.S. shares into a tailspin. And that, in turn, would turn into a bear-market contagion that spreads to international market.

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