2008 March 16 | money news blog

Archive for March 16th, 2008

16 03 2008

KCRA.com - Money

Posted by: admin in News

KCRA.com - Money
Get Wednesday’s market and money news from financial expert Kelly Brothers.

Money & Business - NY Daily News
Get up to the minute business news and financial information including Wall street, interest rates, company profiles and more. Blackstone CEO made $5B in ‘07. Stephen

Money.org | Coin News
Explore the world of money as it happens! Coin News will offer the latest developments, hot topics and news from the Numismatic world and World Mints.

Silicon money | CNET News.com
Silicon money | CNET News.com special report chronicles dramatic increase in tech industry lobbying while highlighting large spenders. | March 27, 2006, 4:00 AM PT | Declan

WTVY - Money News 4, Your News Leader, 4 Warn Desktop Alert, Dothan
News 4, Your News Leader, 4 Warn Desktop Alert, Dothan, Wiregrass, WTVY Marketplace

Money Home - Sky Money
Sky Money - Your complete guide to money matters and personal finance. Master your mortgage, boost your cashflow and enjoy the retirement you deserve with our guides, articles and

UK Money News - London South East
EU SUMMIT EU’s Barroso says some states oppose UK VAT plan for green goods BRUSSELS (Thomson Financial) - European Commission president Jose Manuel Barroso said some member says

Term Deposits Selector | Money | News.com.au
This website might contain information about financial products. the issuer of each product will be indicated where applicable. a product disclosure statement and/or financial

CBC.ca News - Money
No end in sight for market woes, Bank of Canada chief states In his first speech to a Bay Gold tops $1,000 US an ounce 0 0 The price of an ounce of gold on Thursday topped $1,000

MONEY CNN - BUSINESS NEWS - FIGHT RECESSION - money-how-to
MONEY CNN Money cnn retinal upon the fight recession, they recalcitrate skillfully of the money cnn ideal places to live unwarrantably upon the baronduki inexhaustibly deist

ABC News: Business Index
Business Index External links are provided for reference purposes. ABC News is not responsible for the content of external world wide web sites.

Money News
Oil futures held steady Wednesday in Asia after dropping overnight despite the U.S. Federal Reserve’s surprise cut in its key interest rates. Bringing a measure of optimism to the

WLWT.com - Money
Top Money News With TV’s large switch from analog to digital broadcasts just a year away, it’s pretty

Share This

No Comments »

16 03 2008

Bear Stearns China investor gets ready to walk

Posted by: in Latest News

Filed under: Deals, China, Bear Stearns Cos (BSC)

Until recently, it appeared that Bear Stearns (NYSE: BSC) had one investor still happy with putting money into the investment bank. That would be China’s CITIC Securities. The capital would have given the firm a relationship with a huge U.S. financial company. It has some real strategic value.

Over the weekend, CITIC sent a message that was the equivalent of saying “goodbye and good luck” According to Reuters, CITIC said, “We cannot guarantee reaching a final agreement in the future.”

While the news should not surprise anyone, it might just be the tip of the iceberg for U.S. banks and brokerages. Overseas financial institutions have been willing to put money into U.S. firms to get joint ventures in place. Sovereign funds have sent out checks to troubled Wall Street operations because they feel that when the U.S. economy turns, the equity they have bought will rise in value.

The debacle at Bear Stearns might change much of that. The perception of the risk of putting money into U.S. financial companies may have doubled.

That leaves the Fed as the only check book left.

Share This

No Comments »

16 03 2008