Monday, July 21, 2008
U.S. stocks hold mild gains after B. of A. exceeds estimates
U.S. stocks hold mild gains after B. of A. exceeds estimates
U.S. stocks hold modest gains after Bank of America Corp.'s earnings top
forecasts, giving a lift to financial shares, and Roche Holding AG
offers $43.7 billion for the piece of Genentech Inc. that it doesn't
already own.
Bank of America's quarterly net falls 41%, still tops target
Bank of America Corp., joining the ranks of other U.S. banking giants,
posts a lower second-quarter profit that nonethelesss tops analysts'
average estimate.
Yahoo strikes deal with Icahn, giving dissident a seat on board
Yahoo agrees to add dissident shareholder Carl Icahn to its board,
sidestepping an all-out battle for control of the Internet company.
Roche bids $43.7 billion for rest of Genentech
Swiss drug giant Roche Holding AG on Monday says it has offered to buy
the 44% of U.S. biotech giant Genentech Inc. it doesn't already own for
$43.7 billion.
Bond Report: Treasurys edge down after Bank of America's upbeat results
Treasurys decline, pushing yields higher for a third day, after Bank of
America reports better-than-expected earnings, easing the perceived
risks in the financial system.
