U.S. stocks higher ahead of Bernanke speech

11:51 am ET Sep 11, 2007

DJIA

13,242

+114.94

S&P

1,462

+10.67

NASDAQ

2,581

+22.23

10Yr

4.33%

+0.004

U.S. stocks higher ahead of Bernanke speech

NEW YORK
U.S. stocks climbed Tuesday, with the Dow industrials bolstered by solid
August sales by fast-food giant McDonald's Corp. and investors looking
for clues from Federal Reserve Chairman Ben Bernanke about a possible
cut in interest rates.

Countrywide seeking additional new investors, report says

SAN FRANCISCO
Countrywide Financial Corp., the nation's largest mortgage lender, is
looking for a fresh infusion of cash, the New York Post reported
Tuesday, citing unidentified sources familiar with the company's plans.

Economic Report: Housing starts expected to fall to 16-year low,
realtors say

WASHINGTON
The U.S. housing industry is in for a much deeper downturn, the National
Association of Realtors said Tuesday as it slashed its forecasts for
home sales and construction for this year and next.

Calif. lawmakers reach health-care plan; governor eyes compromise

SACRAMENTO, Calif.
California lawmakers approved a landmark health-reform package on
Monday, but Gov. Arnold Schwarzenegger quickly said he wouldn't sign it
into law and called for talks on a compromise.

ImClone surges 20% on positive Erbitux study

BOSTON
ImClone Systems and partner Bristol-Myers Squibb said early Tuesday that
a key clinical trial for their oncology drug Erbitux showed the drug
helped patients with lung cancer live longer.