Monday, October 29, 2007
U.S. stocks end higher as investors anticipate rate cut
DJIA
13,870
+63.56
S&P
1,540
+5.70
NASDAQ
2,817
+13.25
10Yr
4.38%
-0.006
U.S. stocks end higher as investors anticipate rate cut
NEW YORK
U.S. stocks ended with gains on Monday, with expectations of another
interest-rate cut by the Federal Reserve helping to bolster financial
stocks badly battered in recent months by subprime mortgage losses.
Fink viewed as natural to replace O'Neal at Merrill Lynch
SAN FRANCISCO
A familiar name is topping many Wall Street insiders' lists for the next
chief executive at Merrill Lynch & Co.
Verizon, AT&T neck and neck in mobile wars
WASHINGTON
When it comes to the wireless-phone business, there's AT&T Inc. and
Verizon Wireless - and then there's everyone else.
Capitol Report: Billions at stake in greenhouse gas debate
WASHINGTON
Coming up with a solution to global warming will be easy compared with
the political battles over who will pay for it.
The Fed: Fed to cut rates to manage risks, analysts say
WASHINGTON
Many economists believe the Federal Reserve will cut its policy
interest-rate target by a quarter-percentage point to 4.5% on Wednesday
to contain the risks that financial market turmoil could continue,
possibly leading to a recession.
