U.S. stocks kick off quarter by pushing Dow past 14,000

11:46 am ET Oct 1, 2007

DJIA

14,016

+121.36

S&P

1,539

+13.11

NASDAQ

2,723

+22.33

10Yr

4.55%

-0.032

U.S. stocks kick off quarter by pushing Dow past 14,000

NEW YORK
U.S. stocks on Monday traded higher, with cheer over Wall Street's
third-quarter performance dampened only slightly by bearish news
including a steep drop in profit forecast by blue chip Citigroup, the
nation's largest financial services firm.

Citigroup says quarterly profit to drop 60%, but shares gain

NEW YORK
Citigroup Inc said Monday it expects third-quarter profit to fall 60%
from last year after huge write-downs for unsold debt it issued to
finance corporate takeovers and for big losses on the value of subprime
mortgage-backed securities.

UBS pegs hit from subprime at $3.4 billion; 1,500 jobs to go

LONDON
UBS will take a net third-quarter write-down of around 4 billion Swiss
francs ($3.4 billion) tied to its subprime mortgage exposure and plans
sweeping management changes and job cuts in its investment-banking
division, the Swiss banking giant said Monday.

Walgreens profit hit by generics, expenses; shares slump

NEW YORK
Walgreens on Monday posted a nearly 4% decline in quarterly profit, hurt
by lower generic drug reimbursements and higher salary and store
expenses.

Pearson's FT.com to make more content available for free

LONDON
FT.com, the Web site of Britain's Financial Times newspaper, intends to
increase the amount of free content available on its site in an effort
to boost its Web presence.