Thursday, May 01, 2008
U.S. stock rally fuels Dow close above 13,000
U.S. stock rally fuels Dow close above 13,000
U.S. stocks rally, with the Dow closing above 13,000 for the first time
in four months, as investors a delayed, but warm response to signals
from the Fed that it's latest interest rate cut might be its last for
the foreseeable future.
Will Microsoft walk away from Yahoo bid?
Many analysts still see Microsoft pursuing the merger with Yahoo,
dismissing its threat to walk away as nothing more than a negotiating
tactic.
GM, Ford hand in double-digit dips in April sales
The mass exodus away from trucks and SUVs gathers momentum in April,
with both General Motors and Ford posting double-digit drops in U.S.
sales, despite relatively strong showings on the car side.
Home Depot cuts expansion plans, plans to shut 15 stores
Home Depot, hurt by the declining U.S. housing market, says it will slow
the pace of new-store expansion, abandoning plans to open about 50 U.S.
stores to devote more cash for existing stores.
Exxon Mobil's quarterly net rises 17%, shy of expectations
Exxon Mobil says first-quarter profit gushed 17% higher, but the
petroleum giant fell short of its all-time record set last year in spite
of oil hitting $100 a barrel early this year and rising fast ever since.
