U.S. stocks mixed as market reflects on Fed, Thornburg

11:46 am ET Aug 20, 2007

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U.S. stocks mixed as market reflects on Fed, Thornburg

NEW YORK
U.S. stocks struggled to hold gains Monday as investors weighed relief
over indications the Federal Reserve might lower interest rates further
against another report of trouble in the subprime mortgage market.

Hurricane Dean seen sparing Gulf of Mexico oil infrastructure

LONDON
Crude-oil prices dropped more than 1% on Monday as weather reports
indicated that Hurricane Dean would not hit major Gulf of Mexico
energy-production infrastructure.

Nasdaq puts entire stake in the LSE up for sale

LONDON
The Nasdaq Stock Market has put its entire stake in the London Stock
Exchange on the block, saying Monday that the market isn't correctly
valuing its holdings of the U.K. bourse it had previously tried to buy.

Lowe's profit up but forecast is tempered

CHICAGO
Lowe's Cos. turned in better-than-expected second-quarter results Monday
in the face of a deteriorating housing industry.