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The Bear Stearns Companies, Inc. was an American investment bank, securities trading, and brokerage firm that failed in 2008 as part of the global financial crisis and recession. After its closure it was subsequently sold to JPMorgan Chase.
In the 1980s, Conservative Prime Minister Margaret Thatcher re-privatised BSC as British Steel. Under private control, the company dramatically cut its workforce and underwent a radical reorganisation and massive capital investment to again become competitive in the world marketplace.
In the 694 days between 11 January 1973 and 6 December 1974, the New York Stock Exchange's Dow Jones Industrial Average benchmark suffered the seventh-worst bear market in its history, losing over 45% of its value.
In September 2023, Boston Scientific acquired Relievant Medsystems, Inc. for an upfront cash payment of $850 million and undisclosed additional contingent payments based on sales performance over the next three years. [77] In January 2024, the company announced it would acquire Axonics, Inc. for $3.7 billion.
The Boston Sports Clubs website says the location is closed, but the automated answering menu still offers hours and directs phone calls to various departments. It does not indicate a closure....
The steel crisis was a recession in the global steel market during the 1973–75 recession and early 1980s recession following the post–World War II economic expansion and the 1973 oil crisis, further compounded by the 1979 oil crisis, and lasted well into the 1980s.
From their peaks in October 2007 until their closing lows in early March 2009, the Dow Jones Industrial Average, Nasdaq Composite and S&P 500 all suffered declines of over 50%, marking the worst stock market crash since the Great Depression era.
To put the downturn of 2002 in perspective, here is a look at annual U.S. stock market declines in 2000, 2001, and 2002: Nasdaq. In 2000, the Nasdaq lost 39.28% of its value (4,069.31 to 2,470.52). In 2001, the Nasdaq lost 21.05% of its value (2,470.52 to 1,950.40).
Woburn Latest Headlines: Luke's Lobster Taking Over Iconic Provincetown Surf Club: Cheap Eats ; Center for Manufacturing Technology awarded two grants ; Want To Get The Word Out About Your Business?
The BSE is the world's 8th largest stock exchange with a market capitalization exceeding US$4.5 trillion as of January 2024.