Archive for March 27th, 2008

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Just a day after JPMorgan Chase quintupled its bid for Bear Stearns, James Cayne, the chairman of the troubled investment bank, dumped his entire stake in the firm, selling more than $60 million worth of company stock he owned.

Just a day after JPMorgan Chase quintupled its bid for Bear Stearns, James Cayne, the chairman of the troubled investment bank, dumped his entire stake in the firm, selling more than $60 million worth of company stock he owned.

An up and down day on Wall Street ended decidedly down Thursday, as investors demonstrated concern about shaky news from the financial and tech sectors.

An up and down day on Wall Street ended decidedly down Thursday, as investors demonstrated concern about shaky news from the financial and tech sectors.

Planning to graduate in the spring? Tossing and turning in your dorm room at night wondering if you'll be able to get a decent job? Don't worry - or at least, don't worry too much. A couple of new surveys gauging employers' entry-level hiring plans show that jobs for new grads are plentiful.

Cisco Systems, one of the country's biggest technology companies, appears to be bracing for a downturn.

Cisco Systems, one of the country's biggest technology companies, appears to be bracing for a downturn.

The housing crisis took center stage in the presidential race this week. For good reason: Recent data show that nearly a million American households are at risk of foreclosure, 71% more than a year ago. Nearly 6% of all borrowers are past due on their mortgages.

The housing crisis took center stage in the presidential race this week. For good reason: Recent data show that nearly a million American households are at risk of foreclosure, 71% more than a year ago. Nearly 6% of all borrowers are past due on their mortgages.