U.S. stocks add to losses after new-home sales data

NOV 29, 2007

U.S. stocks add to losses after new-home sales data

NEW YORK
U.S. stocks on Thursday drifted lower, halting the stock market's
largest two-day jump in five years, as a spike in crude-oil prices and a
99% profit drop at Sears Holdings Corp. curbed investors' enthusiasm.

Sears Holdings profit tumbles on declining sales

NEW YORK
Sears Holdings Corp.'s quarterly profit tumbled 99% after declining
sales at both its Kmart and Sears chains led to steep discounts, and the
company said Thursday it doesn't anticipate any significant near-term
improvement. Shares dropped to a 2 1/2-year low.

E-Trade to get $2.55 billion infusion from Citadel

TEL AVIV
In a top-down shakeup at E-Trade Financial Corp., the New York online
brokerage said it would receive a $2.55 billion infusion from Citadel
Investment Group as its chairman and chief executive both step down.

Economic Report: U.S. home builders slash prices to boost sales in
October

WASHINGTON
Builders slashed prices at the fastest pace in 26 years in October,
boosting sales of new homes from a much lower level of September sales
than was originally reported, according to Commerce Department data
released Thursday.

Futures Movers: Crude pares gains after two Minnesota pipelines are
reopened

NEW YORK
Crude-oil futures pared most of their earlier gains Thursday, having
rallied as much as $4 a barrel overnight, as two of four
Enbridge-operated pipelines that had been shut down after an explosion
were restarted.