Monday, August 06, 2007
U.S. stocks mixed after Friday sell-off
DJIA
13,229
+47.15
S&P
1,436
+3.50
NASDAQ
2,504
-6.49
10Yr
4.69%
-0.012
U.S. stocks mixed after Friday sell-off
NEW YORK
After first rallying at the open, U.S. stocks returned to their volatile
ways to trade mixed on Monday, with investors remaining nervous about
credit markets and the impact of subprime mortgages on financial
institutions.
Cerberus hires Nardelli to run Chrysler
SAN FRANCISCO
Cerberus Capital Management LP has picked former Home Depot Inc.
Chairman Robert L. Nardelli to run its newly acquired Chrysler auto
manufacturing unit.
American Home Mortgage files for bankruptcy protection
BOSTON
After laying off nearly all of its staff and closing down most of its
business operations, American Home Mortgage Investment Corp. on Monday
filed Chapter 11 bankruptcy.
Report: Spector resigns from Bear Stearns
SAN FRANCISCO
Bear Stearns Cos. co-president and co-chief operating officer Warren
Spector resigned Sunday at a meeting of the firm's board of directors,
according to a published report.
