RIP IndyMac
July 11, 2008
Earlier this evening, IndyMac Bank (NYSE: IMB) was seized by US banking regulators after depositors decided it was time to withdrawal their cash from the distressed bank. Unfortunately, many depositors - roughly 10,000 - had more than the $100,000 FDIC insured funds with the bank, and will likely lose all uninsured deposits. It was yet another dark day for Wall Street. Read more »
Yahoo’s Jerry Yang: Oops, My Bad
May 5, 2008
Yahoo! Inc. (NasdaqGS: YHOO) has seen better days. The same could be said for the company’s Chief Executive Officer, Jerry Yang, who is facing serious legal battles after a bid from Microsoft (NasdaqGS: MSFT) was retracted. Mr. Yang has gone from Chief Executive Officer to Chief Damage Control Officer. Read more »
Analysis: Bear Stearns - JPMorgan Deal
March 22, 2008
On Sunday, March 16th, 2008, JP Morgan (JPM) along with the Federal Reserve (Fed), announced that JP Morgan would be purchasing Bear Stearns (BSC) - which was once valued at $160 per share - for $2 per share. Read more »
Isis-Genzyme: Deal of the Year?
January 27, 2008
On January 7th, 2008, Genzyme (NasdaqGS: GENZ) and Isis Pharmaceuticals (NasdaqGM: ISIS) announced a partnership for the Isis cholesterol drug Mipomersen. Read more »
