Wednesday, November 14, 2007
U.S. stocks close down after late-session selling
DJIA
13,223
-83.16
S&P
1,470
-10.47
NASDAQ
2,644
-29.33
10Yr
4.27%
+0.013
U.S. stocks close down after late-session selling
NEW YORK
U.S. stocks closed sharply lower Wednesday, with selling accelerating in
the final moments of trade, as investors mulled reduced odds of another
Federal Reserve interest-rate cut in light of positive economic data
that included benign wholesale inflation.
Delta Air CEO says not in merger talks with United Airlines
Delta Air Lines Inc.'s Chief Executive Officer Richard Anderson said
Wednesday the carrier is not talking to United Airlines about a merger,
throwing cold water on merger speculation that caused a brief spike in
both carriers' shares.
Financial Stocks: Bear Stearns, Lehman comments lift brokers
NEW YORK
U.S. brokerage stocks ended off the day's highs Wednesday, but still
posted gains as Bear Stearns Cos. said it will write down another $1.2
billion for bad mortgage assets on its books but that it has cleaned up
its balance sheet since a messy third-quarter earnings report.
Buffett urges Senate to oppose estate-tax repeal
WASHINGTON
Billionaire investor Warren Buffett urged senators Wednesday to reject
calls by the Bush administration and business groups to permanently
repeal the estate tax.
