Bear Stearns rally lifts markets on revised offer and housing data
Wall Street extended gains as Bear Stearns shareholders receive five times the previous payout under a new JPMorgan bid of 10 dollars a share. The Dow climbed about 190 points with stronger housing data easing loan fears. Existing home sales rose 2.9 percent in February to 5.03 million, while prices fell sharply.
MENTIONED IN THIS ARTICLE
New York
Wall Street
Bear Stearns Cos
Jpmorgan Chase & Co
Jpmorgan
Bear Stearns
Fed
Charlie Smith
Port Pitt Capital Group
Pitts
National Association of Realtors
Gasoline prices in Ohio fall
Ohio motorists saw regular grade gas average 3.20 a gallon state wide, down from 3.33 last Monday, as oil prices slid about 10 percent from a record. Diesel averaged just under 4.11 a gallon, near its Friday high. The drop comes despite a year over year rise in pump prices.
MENTIONED IN THIS ARTICLE
Columbus
Ohio
AAA
Oil Price Information Service
Sherwin-Williams cuts Q1 outlook on housing slump
Sherwin-Williams lowers its first quarter earnings forecast by more than 20 percent citing weaker domestic sales and higher raw material costs. The company now expects 56 to 61 cents per share versus 72 to 80 cents previously and 77 cents by analysts. Chairman Christopher Connor blamed the housing market downturn for the downgrade.
MENTIONED IN THIS ARTICLE
Cleveland
Sherwin-Williams Co
Thomson Financial
Christopher Connor
Sherwin-Williams
Families weigh value of a month of life versus costly cancer care
A P G report outlines how rising chemotherapy and biotech drug prices push patients to weigh months of life against financial ruin. Experts note longer survival raises costs, insurers shift more to patients, and even insured struggle with high co pays and specialty drug classifications.
MENTIONED IN THIS ARTICLE
Washington
Allen Lichter
American Society of Clinical Oncology
Leonard Saltz
Memorial Sloan-Kettering Cancer Center
Lichter
Medicare
Helen Geiger
Whiting
N.J
Geiger
Philadelphia
Fox Chase Cancer Center
DOJ approves XM Sirius satellite radio merger
The Justice Department cleared the $4.6 billion merger of Sirius Satellite Radio and XM Satellite Radio Holdings, saying the deal would not substantially lessen competition. The approval ends a major antitrust hurdle to the long-pending pact.
MENTIONED IN THIS ARTICLE
Washington
Justice Department
Sirius Satellite Radio Inc
XM Satellite Radio Holdings
Federal Communications Commission
Tice Department
DOJ
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Bankups
The
Associated Press
Thomas
Whiting, Na
Lauran Neergaard
National Cancer Institute
Xm-Sirius
Justice Dept
Sirius Satellite
Howard Stern
Sirius
Jus
the Market IN Review
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Dany Dow Jones
Dow Jones Industrials
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SAP
Wilshire
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Ck Exchange
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Fremat Pl
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MediaGen
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Etrade
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EMC Cp NY
Prushs&p Amex
EmersonEl NY
Prushqqq Amex
FannieMae NY
Sherwin
Nash
SprintNex NY
Amex
Fred Amex
Ines Nash
Weils Fargo
Sat
Nas
Lt Sweet Crude
NYMX
Troy
CBOT
Chicago Board of Trade
CME
NYBT
New York Guard
Pee Elieey
BalAm
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Fundminva Mlb
Growamera Mlg
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Invcoama Oe
Wanutlwa
Davis Nyventam
Dodge & Cox IntiStk
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Fidelity GrowCo
Fidelity LowPriStk
Vanguard
Vanguard Totb
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