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Filed under: Rumors, Financials and analyticals, Investments

If you think the mortgage and financial meltdown will kill all rumor in the financial sector, think again. Bear Stearns (NYSE: BSC) shares are trading up this day and even the stock options are active on the Friday Rumor Mill that the troubled brokerage firm could be for sale or have an expanded stake from China’s CITIC.

This day is also options expiration date, so we looked further out the expiration calendar beyond February. Options are active in March from the $85 to $105 strike prices on call options. April is actually quiet. Specifically these March $85 call options. The July $75 and $100 strike prices each saw over 1,000 contracts trade.

What’s interesting is that there is another report here that noted that Bear Stearns and CITIC might modify their terms. This might or may not be the case. Most sovereign funds so far are having to stick to original terms. It wasn’t that long ago that they were criticized for taking huge stakes in critical US companies. These funds may just have to take their deals as is if they want to keep buying up properties.

Bear Stearns has been the perpetual merger rumor target in the rumor mill for literally over 10-years now that I’m aware of personally. When I was a bond broker in the early and mid-1990’s, that was a typical “FRIDAY RUMOR” and then since switching to the equity side of the equation after the mid-1990’s this “FRIDAY RUMOR” persisted one and off numerous times each and each years since then. Even Warren Buffett has been noted as a rumored buyer before. It appears that even the CDO and mortgage meltdown doesn’t kill some rumors.

Who knows for sure…. Some time you might anticipate the merger to actually happen.

Bear Stearns stock is up this day while many competing investment banks are not so lucky. Shares were up over 5% in afternoon trading to over $83.00 on nearly double average volume. It appears that a current pullback is being attributed to David Faber reporting on CNBC that these rumors are not likely true.

Jon Ogg is an editor and partner of 247WallSt.com.

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Filed under: Software, Freeware, World wide web, Internet Tools

I’ve no idea just how massive this intersection might be (in terms of sheer numbers, it has to be pretty big, I guess), but if you’re a Yahoo! Mail user and a Safari 3 user, prepare to smile, because Yahoo! states that you can now get in on the “All-New Yahoo! Mail” fun. “All-New Yahoo! Mail” is apparently an AJAX-based, slick piece of webmail software built on the Oddpost engine — I wouldn’t really know all the features because Gmail has wrapped its simple-to-use tendrils totally around my life, from iPhone to all the different browsers I use.

But if you’ve been dedicated to Safari 3 since it came out, and chomping at the bit to use this “All-New Yahoo! Mail,” now’s your chance. Yahoo! does specifically say “Safari 3 on the Mac,” but I’d assume it would work for the Windows version of Safari 3 as well — if you have any problems, they’ll probably fix it, and then they’ll have to call it “The Newer All-New Yahoo! Mail.” God forbid they come up with something newer than that.

[Via Ars]

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