(Bloomberg) -- U.S. stock-index futures fell after
people familiar with the situation said Bear Stearns Cos. plans
to take on $3.2 billion of loans to stave off a crisis involving
one of its money-losing hedge funds.
Shares of Bear Stearns, the second-biggest U.S. underwriter
of mortgage bonds, dropped in Europe. Merrill Lynch & Co., the
world's largest broker, also retreated.
Read more at Bloomberg Stocks News
people familiar with the situation said Bear Stearns Cos. plans
to take on $3.2 billion of loans to stave off a crisis involving
one of its money-losing hedge funds.
Shares of Bear Stearns, the second-biggest U.S. underwriter
of mortgage bonds, dropped in Europe. Merrill Lynch & Co., the
world's largest broker, also retreated.
Read more at Bloomberg Stocks News
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