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ID: 28641
Title: Bear Stearns calms subprime jitters (Reuters)
Description:

James Cayne, CEO of Bear Stearns Cos, Inc., speaks to reporters in New York in this 2003 file photo. Bear Stearns, Wall Street's leading underwriter of mortgage-backed securities, posted an 8 percent rise in quarterly earnings on Thursday, but problems in the risky subprime loan sector curbed revenue. (Chip East/Reuters)Reuters - Bear Stearns Cos. Inc. , the No. 1 U.S. underwriter of mortgage-backed securities, posted an 8 percent rise in quarterly earnings on Thursday and calmed a jittery U.S. stock market when it said problems with risky subprime mortgages were largely contained.


Category: Business/Company Earnings/
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Date Added: March 15, 2007 07:56:02 PM
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