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  • H&R Block up 5 percent as Wilbur Ross has agreed to acquire Option One's Servicing Business for $1.1 Billion from H&R Block. He is not buying the mortgages, merely the right to service them. Another HMO lowers its outlook. Coventry lowered its 2008 forecast, citing the impact of flu on costs.

  • Stocks Drop 2% On Bear Bailout Friday, 14 Mar 2008 | 6:15 PM ET

    Wall Street sent the Dow lower Friday amid the stunning news that the Federal Reserve had helped to engineer a bailout of investment bank Bear Stearns. What's the word on the Street?

  • Dow Ends Up for Week Despite Bear Sell-Off Friday, 14 Mar 2008 | 6:01 PM ET

    Stocks tumbled Friday, after an initial jump, following news that J.P. Morgan Chase and the New York Federal Reserve are jumping in to help Bear Stearns.

  • UBS Shopped PaineWebber Unit In Bid to Raise Cash Friday, 14 Mar 2008 | 4:55 PM ET
    UBS

    Swiss bank UBS, another bank suffering from the credit crunch, recently shopped its PaineWebber brokerage unit in an effort to drum up cash but failed to find the right buyer, CNBC has learned.

  • Bear Stearns News Mauls Market Friday, 14 Mar 2008 | 2:04 PM ET

    Stocks tumbled Friday, after an initial jump, following news that J.P. Morgan Chase and the New York Federal Reserve are jumping in to help Bear Stearns.

  • Stocks Fall Sharply After Bear Stearns News Friday, 14 Mar 2008 | 11:26 AM ET

    Stocks retreated Friday, after an initial jump, as news that J.P. Morgan Chase and the New York Federal Reserve are jumping in to help Bear Stearns sunk in.

  • UBS Shares Sink on Writedown Fears Thursday, 6 Mar 2008 | 1:06 PM ET

    Swiss bank UBS came under renewed pressure on Thursday due to speculation it had sold a huge portfolio of risky mortgages at a deep discount and that the scale of its subprime losses was rapidly mounting.

  • Genesco, Finish Line Scrap Plans to Merge Monday, 3 Mar 2008 | 1:08 PM ET

    Footwear retailers Genesco and Finish Line said Monday they were terminating their merger plans and the financing commitment of Swiss bank UBS.

  • End of Month "Wackiness Watch" Thursday, 28 Feb 2008 | 6:34 PM ET

    With February drawing to a close, watch for market wackiness on Friday as investors put this volatile month in the books.

  • UBS Shareholders Clear $12 Billion Capital Hike Wednesday, 27 Feb 2008 | 12:38 PM ET

    Shareholders in UBS backed a 13 billion Swiss franc ($11.94 billion) capital injection from Singapore and an unidentified Middle East investor but heaped scorn on the bank's chairman, Marcel Ospel, over subprime losses.

  • BNP Paribas' Profit Falls, Confident on '08 Wednesday, 20 Feb 2008 | 12:24 PM ET
    BNP Paribas

    BNP Paribas, France's biggest listed bank, posted lower fourth-quarter profits on Wednesday in line with its guidance but said it was confident of growth in 2008.

  • Stocks Up for the Week Despite Holiday Sell-Off Friday, 15 Feb 2008 | 5:18 PM ET

    Investors usually cash out ahead of a holiday weekend and, in this jittery environment, they found their reasons to sell today: a slew of bleak economic reports and a profit warning from Best Buy.

  • Recession Worries Spur Sell-Off Ahead of Holiday Friday, 15 Feb 2008 | 2:32 PM ET

    Investors usually cash out ahead of a holiday weekend and, in this jittery environment, they found their reasons to sell today: a slew of bleak economic reports and a profit warning from Best Buy.

  • UBS Shares Sink on Further Writedown Fears Friday, 15 Feb 2008 | 12:48 PM ET
    UBS

    Shares of UBS fell sharply Friday following warnings from Citigroup analysts that the Swiss banking giant might face an additional writedown of up to $18 billion in 2008.

  • Data, Best Buy Spook Stocks Ahead of Holiday Friday, 15 Feb 2008 | 11:30 AM ET

    Investors usually cash out ahead of a holiday weekend and, in this jittery environment, they found their reasons to sell today: a slew of bleak economic reports and a profit warning from Best Buy.

  • Data, Best Buy Spook Stocks Ahead of Holiday Friday, 15 Feb 2008 | 10:54 AM ET

    Investors usually cash out ahead of a holiday weekend and, in this jittery environment, they found their reasons to sell today: a slew of bleak economic reports and a profit warning from Best Buy.

  • Dow Drops 175 Thursday, 14 Feb 2008 | 6:26 PM ET

    Federal Reserve Chairman Ben Bernanke said the economy should grow at a slow pace before recovering later in the year. What's the word on the Street?

  • No Love for Stocks After Intel, Bernanke News Thursday, 14 Feb 2008 | 5:07 PM ET

    U.S. stocks fell deeper into the red Thursday after Federal Reserve Chairman Ben Bernanke told Congress that economic growth would be "sluggish" at best in the near term.

  • Worries About 'Sluggish' Growth Sink Stocks Thursday, 14 Feb 2008 | 12:50 PM ET

    U.S. stocks remained in the red Thursday after Federal Reserve Chairman Ben Bernanke's testimony in Washington.

  • UBS, Hit by Mortgage Risk, Sees Hard Year Ahead Thursday, 14 Feb 2008 | 12:42 PM ET

    Swiss bank UBS has revealed $26.6 billion in exposure to risky U.S. mortgages distinct from subprime loans, increasing its vulnerability to the global credit crisis and sending its shares sharply lower.