Showing posts with label Oil hits record as dollar slumps. Show all posts
Showing posts with label Oil hits record as dollar slumps. Show all posts

Monday, March 17, 2008

JPMorgan to buy Bear Stearns for $2 a share

NEW YORK - JPMorgan Chase said Sunday it will acquire rival Bear Stearns for a bargain-basement $236.2 million — or $2 a share — a stunning collapse for one of the world’s largest and most storied investment banks.

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Oil hits record as dollar slumps