Wednesday, July 09, 2008
U.S. stocks slightly higher as oil's rise limited
U.S. stocks slightly higher as oil's rise limited
U.S. stocks wobble higher, with the Dow industrials trying to extend the
blue-chip index's largest jump in nearly a month as a mild rise in oil
prices offsets cheer over Alcoa Inc.'s better-than-forecast results.
Futures Movers: Oil regains some ground as Iran test-fires missile
Crude-oil futures bounce back from their biggest drop in nearly four
months, playing off reports that Iran test-fired a long-range missile as
well as a wider-than-expected drop in U.S. crude inventories.
Alcoa shares rise as analysts laud quarterly report
Alcoa trade as much as 5% higher, playing off the aluminum giant's
mostly upbeat second-quarter financial results.
Yahoo CEO Yang accuses Microsoft of 'destabilizing' move
Yahoo CEO Jerry Yang accuses Microsoft Corp. of trying to destabilize
the Internet portal by giving a voice to support a proxy battle by
billionaire investor activist Carl Icahn.
Merrill could get as much as $5 bln for Bloomberg stake: report
BOSTON
A blind trust of New York City Mayor Michael Bloomberg is willing to pay
between $4.5 billion and $5 billion for the 20% of Bloomberg L.P. that
Merrill Lynch & Co. holds, according to a published report Wednesday.
