Tuesday, April 15, 2008
U.S. stocks end higher led by financials, ahead of Intel
U.S. stocks end higher led by financials, ahead of Intel
U.S. stocks finish higher, with well-received earnings from State Street
and other regional banks helping ease concerns about financials a day
after Wachovia posted an unexpected loss.
WaMu reports $1.14 bln quarterly net loss; closes $7 bln deal
SAN FRANCISCO
Washington Mutual Inc. reported a $1.14 billion first-quarter net loss
late Tuesday as the lender suffered from the mortgage meltdown and
broader credit crunch.
Crude futures, gasoline prices hit new records
Crude-oil futures soar to a new record of $113.99, temporarily boosted
by supply disruption in Mexico and Nigeria.
Bad loans paint grim landscape at regional banks
NEW YORK
Several of the nation's major regional banks, from the Deep South
through the Midwest, saw their shares rally Tuesday, bid higher on
better-than-expected earnings and, for several, a boost from selling
shares in credit-card company Visa Inc.
