Monday, February 11, 2008
U.S. stocks end higher, lifted by technology gains
U.S. stocks end higher, lifted by technology gains
U.S. stocks on Monday recovered from losses inspired by insurer American
International Group Inc.'s disclosure of potential credit-related
trouble, as technology shares rose after Yahoo Inc.'s rejection of
Microsoft Corp.'s takeover offer.
Emerging Markets Report: Middle Eastern equities set to outperform: UBS
Middle Eastern equities, particularly those in the United Arab Emirates
and Egypt, are set to outperform this year, UBS analysts said Monday.
Countrywide debuts 'workout' plan for subprime borrowers
Help could be on the way for some subprime-mortgage borrowers caught up
in the twin sagas of the plummeting housing market and besieged
Countrywide Financial Corp., after the nation's largest home-loan
lender said Monday that it's broadening efforts to help prevent
foreclosures.
White House warns Congress about new market rules
The White House tells Congress that it is not eager to see legislation
aimed at greater oversight of financial markets and banks in the wake of
the credit squeeze that began last August.
Yahoo says Microsoft bid 'substantially undervalues' company
Yahoo formally rejects Microsoft's $44.6 billion bid to buy the company,
saying the offer "substantially undervalues" the Internet search giant.
