U.S. stocks mixed after home sales rebound

11:50 am ET Oct 25, 2007

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U.S. stocks mixed after home sales rebound

NEW YORK
Wall Street on Thursday shifted into mixed trade amid a slew of economic
data, including an unexpected rebound in the sale of new homes, along
with profit reports including Motorola Inc.'s better-than-expected
outlook for the fourth quarter.

Economic Report: New-home sales rise after big downward revisions

WASHINGTON
Sales of new homes rebounded in September from summer sales levels that
were much weaker than previously reported, the Commerce Department
reported Thursday.

Economic Report: Demand for durable goods falls on drop in defense
goods

WASHINGTON
Demand for defense goods tumbled in September, pushing down orders for
durable goods for a second month in a row, the Commerce Department
reported Thursday.

Motorola's profit drops sharply as handset sales fall

WASHINGTON
Motorola Inc., the world's third-largest maker of mobile phones, on
Thursday posted a sharp drop in its quarterly profit, but the company
cut expenses and saw some improvement in its ailing handset business.

Comcast shares decline amid growth concerns

CHICAGO
Comcast Corp. shares fell sharply Thursday following the company's
report of third-quarter results that indicated slowing subscriber
growth.