(Bloomberg) -- U.S. stock-index futures fell on
concern hedge-fund losses at Bear Stearns Cos. may worsen the
fallout from the subprime lending market.
Shares of Bear Stearns, the second-biggest U.S. underwriter
of mortgage bonds, dropped in Europe. The company plans to take
on $3.2 billion of loans to stave off a crisis involving one of
its money-losing hedge funds, people with knowledge of the
proposal said.
Read more at Bloomberg Stocks News
concern hedge-fund losses at Bear Stearns Cos. may worsen the
fallout from the subprime lending market.
Shares of Bear Stearns, the second-biggest U.S. underwriter
of mortgage bonds, dropped in Europe. The company plans to take
on $3.2 billion of loans to stave off a crisis involving one of
its money-losing hedge funds, people with knowledge of the
proposal said.
Read more at Bloomberg Stocks News
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