Monday, June 25, 2007
U.S. stocks rall as yields, oil fall
DJIA
13,454
+93.80
S&P
1,509
+7.13
NASDAQ
2,598
+9.40
10Yr
5.10%
-0.035
U.S. stocks rall as yields, oil fall
NEW YORK
U.S. stocks rallied on Monday, as a drop in bond yields, falling crude
oil prices, and an upgrade of General Motors Corp., helped the market
stage a rebound after a sell-off on Friday.
Economic Report: U.S. inventory of homes for sale in May rises to
15-year high
WASHINGTON
The inventory of previously owned homes up for sale in May rose to the
highest level in relation to sales in 15 years, a real-estate trade
group said Monday.
Hedge-fund manager GLG plans $3.4 billion listing on NYSE
LONDON
Hedge-fund manager GLG Partners said Monday that it's planning to list
on the New York Stock Exchange through a reverse-acquisition valuing the
firm at around $3.4 billion.
Are there any iPhone alternatives? Here are some rivals
SAN FRANCISCO
Apple Inc. may face plenty of competition from wireless phone makers
when it launches its iPhone this coming week. But when it comes to the
high end of the market, it largely has the field to itself.
Merck: Diabetes drug in combination therapy lowers blood sugar
NEW YORK
Merck & Co.'s new diabetes drug Januvia, taken in combination with
another drug, improved blood sugar control in patients with type 2
diabetes monitored for a year, according to a study by the
pharmaceutical company released on Saturday.
