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Showing 31 - 40 of 47 results for "Bear Stearns"

Market Wrap - Morning

AAP  |  THURSDAY, 27 SEP 2007
... stocks increased as investors hunted for bargains amongst companies hurt by sub prime mortgages and a investment bank Bear Stearns gained after a report said it could sell a stake of up to 20 per cent to outside investors. The market was also helped ...

Equities' erratic flight path

SUZY MAC  |  FRIDAY, 31 AUG 2007
... tune of 1.6 billion euros ($2.67billion) from three investment funds, has since reopened all three. Like the two Bear Stearns funds earlier, these were exposed to derivatives, underpinned by mortgage-backed securities that were based on sub-prime mortgages. ...

Market Wrap - Morning

AAP  |  TUESDAY, 28 AUG 2007
... lenders fell on persisting credit worries and after Goldman Sachs slashed its earnings forecast on Lehman Brothers, Bear Stearns and Morgan Stanley. The Dow Jones industrial average was down 56.74 points at 13,322.13 and the Standard & Poor's 500 Index ...

Market Wrap - Midday

AAP  |  MONDAY, 6 AUG 2007
... London Metal Exchange. US equity markets ended in turmoil on Friday, after a senior executive of mortgage underwriter Bear Stearns said that the "fixed income market turmoil was the worst in 22 years". US data also was on the weak side, with jobs figures ...

Market wrap - morning

AAP  |  MONDAY, 6 AUG 2007
... All Ordinaries added 5.6 points to 6055.9. NEW YORK - US stocks slid sharply on Friday after mortgage underwriter Bear Stearns said credit markets were in their worst shape in two decades, while jobs data aroused further concerns about weakness in the ...

Sub-prime contamination causes market carnage

SUZY MAC  |  THURSDAY, 2 AUG 2007
... 'millionaire's factory' warned of $300 million losses wiping out a quarter of the value of two of its investment funds. Bear Stearns, already embarrassed by the implosion of two of its hedge funds, had earlier announced a third fund with roughly A$1 ...

Hiking partners: Aussie dollar and Kiwi inflation

SUZY MAC  |  THURSDAY, 19 JUL 2007
... US0.8789 overnight. Falls in US bond yields and equities in after-hours trading were a big contributor, triggered by Bear Stearns delivering very bad news to some of their investors. Backers of its two failed hedge funds will get little, if any, money ...

Economic round-up: Mortgage meltdown misery

SUZY MAC  |  THURSDAY, 12 JUL 2007
... nerves over the sector fallout certainly haven't improved following the implosion of two hedge funds. Managed by Bear Stearns, the second-largest underwriter of mortgage bonds, these funds collapsed from substantial losses on sub-prime mortgage backed ...

Market wrap - morning

AAP  |  THURSDAY, 28 JUN 2007
... energy companies. Major indices had fallen earlier in the day after weaker-than-expected durable goods data. Shares of Bear Stearns Cos rose 2.8 per cent to $US143.31, after the company moved to bolster its two troubled hedge funds. A sharp rise in crude ...

Market wrap - midday

AAP  |  TUESDAY, 26 JUN 2007
... well." US stocks closed lower overnight as growing concerns about the subprime mortgage market dragged down shares of Bear Stearns Cos and Goldman Sachs Group. Shares of Bear Stearns Cos, which last week bailed out one of its hedge funds that is heavily ...