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  • New York Stock Exchange (NYSE)

    Wall Street's biggest firms, battered by the breakdown in mortgage and other debt markets,say there's money to be made among the wreckage.

  • The $19.5 billion sale of the radio broadcaster Clear Channel Communications to two private equity firms is in jeopardy.

  • Clear Channel's headquarters in San Antonio.

    The buyout of Clear Channel Communications for nearly $20 billion was near collapse because of a disagreement over financing, a source says.

  • Credit Crunch

    Such is the level of disaster-mongering surrounding the latest phase of the credit crisis that you could be forgiven for thinking we'll all be hoarding food and reverting to a barter economy.

  • JPMorgan_Bear-Sterns1.jpg

    JPMorgan Chase's sweetened offer for Bear Stearns carries high risk for JPMorgan, Punk Ziegel analyst Richard Bove said, adding that according to his calculations JPMorgan was paying about $65 per share for Bear excluding the planned issue of new Bear shares.

  • For the short week ending Thursday, March 20, 2008 the US Markets ended up. Market moving events include the JP Morgan Chase takeover of Bear Stearns and a Fed rate cut of 75 basis points. The Dow gained 420 points on Tuesday, only to give back 293 points the next day. A rally today kept the Dow, S&P, and NASDAQ up 3.43%, 3.21%, and 2.06% for the week, their best performance in 7 weeks. Next week, the markets will watch for the economic data including Durable Goods, GDP, and Personal Income numbers. Earnings from Lennar (LEN) will give another read on the housing sector.

  • The Federal Reserve headquarters in Washington, DC.

    Big Wall Street investment companies are taking advantage of the Federal Reserve's unprecedented offer to secure emergency loans, the central bank reported Thursday.

  • If the options market is any indication, investment bank stocks could still be in for a rough ride in the month ahead, particularly UBS, according to Rebecca Darst of Interactive Brokers.

  • Money-center banks appear to be outperforming the brokers. Is there a trade here?

  • graphic_word_ofthe_street.jpg

    Plunging commodities combined with weakness in energy and basic materials dragged down the Dow as well as the broader stock market. What's the word on the Street?

  • Stocks declined Wednesday amid profit-taking from the prior session's rally, a sharp drop in crude prices and lingering concerns about credit.

  • An early rally fizzled Wednesday amid profit-taking from the prior session's rally and lingering concerns about credit.

  • Morgan Stanley

    Morgan Stanley said first-quarter earnings fell amid write-downs in mortgages and loans yet resilient trading results helped the second-largest US investment bank exceed lowered expectations by a wide margin.

  • European stocks closed lower on Wednesday after half-hearted attempts to bounce in the green during the day, as fears over the health of the financial markets returned to haunt the markets following yesterday's rally.

  • Stocks turned mixed Wednesday after an initial jump spurred by news that regulators will provide some much-needed capital relief to Fannie Mae and Freddie Mac. Visa shares surged.

  • U.S. investment banks are testing a new program set up in conjuction with the rescue of Bear Stearns that allows investment banks to borrow directly from the Federal Reserve, according to people at the banks.

  • There are reports this morning that Fannie Mae has won the capital relief some have asked for. At 9 am OFHEO (Office of Federal Housing Enterprise Oversight--Fannie's regulator) has scheduled a conference call to discuss alleviating some of the capital constraints on Fannie and Freddie.

  • Buyers came back to Wall Street in a big way Tuesday, igniting a sharp rally and new debate about whether stocks have bottomed.

  • graphic_word_ofthe_street.jpg

    Stocks take off after better-than-expected earnings from Lehman and Goldman and go higher still on another Fed rate cut. Also, breaking news on the Visa IPO and more.

  • Morgan Stanley

    Morgan Stanley shares shot up 18% Tuesday, so why care about the brokerage's earnings report Wednesday morning? Cmon, there's always something to worry about.