Friday, September 28, 2007
U.S. stock indexes end with daily losses, monthly gains
DJIA
13,895
-17.31
S&P
1,526
-4.63
NASDAQ
2,701
-8.09
10Yr
4.58%
+0.006
U.S. stock indexes end with daily losses, monthly gains
NEW YORK
U.S. stocks on Friday closed mildly lower, but with the major indexes
netting monthly, quarterly and year-to-date gains, after a slew of
economic data fell largely in line with expectations and investors
looking for clues as to whether the Federal Reserve would cut interest
rates again next month.
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.
Alcatel-Lucent CEO Russo under pressure to deliver
LONDON
Alcatel-Lucent Chief Executive Patricia Russo has been given a month to
devise an emergency restructuring plan for the board after the
telecommunications-equipment giant issued its third profit warning under
her leadership earlier this month, according to a media report.
