1. Bear Stearns's Ripples Reach Corporate Sector.
- Author
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Aeppel, Timothy, Jargon, Julie, White, Erin, Byron, Ellen, Merrick, Armol, Gold, Russell, Brat, Ilan, and Armstrong, David
- Subjects
- *
EXECUTIVES' attitudes , *FINANCIAL crises , *MANAGEMENT , *MERGERS & acquisitions , *ECONOMICS , *PREVENTION ,UNITED States economy - Abstract
The article reports that corporate executives are increasingly concerned that the ramifications of the financial crisis affecting the financial services industry will hit their own businesses. With the U.S. economy already in a weak condition, several of these executives said their own firms were cutting investment for 2008, and had seen a downturn in their revenues. Almost all said any planned corporate mergers were on hold.
- Published
- 2008