Monday, November 12, 2007
U.S. stocks end lower as Dow lands 175 points off day's highs
DJIA
12,987
-55.19
S&P
1,439
-14.52
NASDAQ
2,584
-43.81
10Yr
4.21%
-0.014
U.S. stocks end lower as Dow lands 175 points off day's highs
NEW YORK
U.S. stocks on Monday extended the prior week's steep losses, with the
Dow Jones Industrial Average closing below the 13,000-mark for the first
time in nearly three months, as credit-related worries persisted.
Investor assets in E-Trade accounts said to be safe
NEW YORK
As investors shaved more than half the value from E-Trade Financial
Corp. shares Monday, financial advisers, regulators and the company said
that account holders have several layers of protection, and in general
do not have to fear that the current problems will cause customers
losses.
Capitol Report: Ethanol, once the cure-all to oil problems, facing more
heat
NEW YORK
The oil-substitute superstar of 2005 has increasingly become the
alternative energy whipping boy of 2007.
IPO-related charges hurt Blackstone's bottom line
WASHINGTON
Shares of Blackstone Group L.P. traded as much as 11% lower Monday, as
investors reacted negatively to the private-equity powerhouse reporting
a third-quarter loss.
Symantec reducing staff as cost cuts continue
SAN FRANCISCO
Symantec Corp. is laying off a number of employees this week, the
security software company confirmed Monday. The staff cuts, however, are
not related to a broader restructuring plan announced earlier this year,
the company said.
