China in auto power play
It might not shake up the industry just yet, but China's interest in Volvo and Saab is the start of something big in global autos, writes columnist Wei Gu. Commentary
FACTBOX: Five Facts on Bear Stearns and JPMorgan
NEW YORK (Reuters) - A liquidity crisis has placed Bear Stearns Co in peril, prompting the Federal Reserve and JPMorgan Chase to come to the rescue with emergency financing.
JPMorgan's role in the rescue, and Bear Stearns' $3.2 billion loss in market value on Friday alone, has some investors looking for a takeover by JPMorgan.
The following is snapshot of the two companies: Bear Stearns
-- 2007 Net Income: $233 million
-- Assets: $395.362 billion
-- Employees: 14,153
-- Market Capitalization: $3.50 billion
-- Recorded fourth-quarter write-downs: $1.9 billion JP Morgan Chase
-- 2007 Net Income: $15.365 billion
-- Assets: $1.562 trillion
-- Employees: 180,667
-- Market Capitalization: $124.1 billion
-- Recorded fourth-quarter write-downs: $1.3 billion
(Reporting by Steven Bertoni; Editing by Leslie Adler)
