Friday, September 28, 2007
Dollar plunges on tame inflation data, hits fresh low vs. euro
DJIA
13,896
-16.83
S&P
1,527
-4.05
NASDAQ
2,702
-6.81
10Yr
4.54%
-0.036
Dollar plunges on tame inflation data, hits fresh low vs. euro
SAN FRANCISCO
The dollar dropped across the board Friday, marking the seventh straight
trading session in which it's sunk to a record low against the euro,
after tame core inflation data suggested that the Federal Reserve could
further cut interest rates.
Market Snapshot: U.S. stocks lower, with investors poised to listen to
Fed talk
NEW YORK
U.S. stocks were lower Friday with a slew of economic data falling
largely in line with expectations and investors looking to Federal
Reserve speakers for clues as to whether central bankers would cut
interest rates again when they next meet.
3Com to be sold to Bain, Huawei in $2.2 billion deal
WASHINGTON
3Com Corp. said Friday it's agreed to sell itself for $2.2 billion to
Bain Capital Partners LLC and Huawei Technologies Co., the largest
networking company in China.
Apple, Qualcomm, Oracle shift lawyers
SAN FRANCISCO
Friday morning saw a game of musical chairs among the top lawyer jobs at
Apple Inc. and Qualcomm Inc. -- each of which have had a colorful legal
record of late.
The Fed: Housing-market bottom 'a ways off': Fed's Lockhart
WASHINGTON
The bottom of the housing market may not be reached until the second
half of 2008 or later, according to Dennis Lockhart, the new president
of the Atlanta Federal Reserve Bank.
