U.S. stocks higher; GM powers Dow's gains

11:51 am ET Sep 13, 2007

DJIA

13,422

+130.39

S&P

1,483

+12.28

NASDAQ

2,601

+9.13

10Yr

4.47%

+0.064

U.S. stocks higher; GM powers Dow's gains

NEW YORK
U.S. stocks were higher Thursday, with the Dow Industrial Average seeing
triple-digit gains, bolstered by the likes of General Motors Corp.,
which drew an analyst upgrade, and McDonald's Corp., which doubled its
anticipated dividend.

Hurricane Humberto strikes on heels of record $80 oil

NEW YORK
Hurricane Humberto packed 85 mile-an-hour winds Thursday and was
expected to dump up to 15 inches of rain across parts of Texas,
threatening parts of the energy-rich Gulf Coast region.

Alcatel-Lucent warns again; shares take a dive

LONDON
Shares of Alcatel-Lucent sank nearly 14% on Thursday after the world's
largest maker of telecommunications equipment slashed its sales and
profit forecast for the year, citing weak wireless spending in North
America.

Bending to activist, Target may sell credit card receivables

SAN FRANCISCO
Shares of Target Corp., one of the largest U.S. retailers, rose in
Thursday pre-market trading after it said that it may sell $7 billion in
credit-card receivables in the wake of pressure from activist hedge fund
investor Bill Ackman.

McDonald's to boost dividend, shares rise

CHICAGO
McDonald's Corp. shares rose in Thursday morning trading after the
fast-food giant unveiled plans to increase its dividend by 50% this
year, citing its strong business momentum and cash flows, and said
further hikes may be in the offing.