Instead of one big sucky company, we’ll now have two!

Motorola said Wednesday that it would split itself into two publicly traded companies as it struggles to boost its stock price and faces pressure from activist investor Carl C. Icahn.

Motorola said in a statement t

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Source - http://www.crossingwallstreet.com/archives/2008/03/goodbye_moto.html

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From Bloomberg:

Wall Street banks, brokerages, and hedge funds may report $460 billion in credit losses from the collapse of the subprime mortgage market, or almost four times the amount already disclosed, according to Goldman Sachs Group Inc. Profits will c

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Source - http://www.crossingwallstreet.com/archives/2008/03/goldman_460_bil.html

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The Onion Radio News is on the scene.

I won’t say I predicted it, but I did, in fact, predict it.

Yesterday, JPMorgan Chase (JPM) announced that it will increase its bid for Bear Stearns (BSC) from $2 a share to $10 a share.

Last Wednesday,

Richard Bove said that when you add it all up, Bear will eventually cost JPMorgan Chase $65 a share.

While some may think that JPMorgan is getting Bear Stearns at a bargain price, "I do not," Bove said in a note to clients. "Bear Stearns is a deeply troubled company which would have no value if the Federal Reserve

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Source - http://www.crossingwallstreet.com/archives/2008/03/bove_bear_will.html

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