U.S. stocks down again after early bounce sputters

11:46 am ET Nov 16, 2007

DJIA

13,122

+12.11

S&P

1,451

+0.16

NASDAQ

2,622

+3.57

10Yr

4.15%

-0.011

U.S. stocks down again after early bounce sputters

NEW YORK
U.S. stocks on Friday turned heels on an early rebound Friday after the
government reported U.S. industrial production declined 0.5% in October
and FedEx Corp. and Starbucks Corp. lowered their earnings forecasts,
capping an early advance.

The Fed: Fed's Kroszner: rates low enough to help with 'rough patch'

WASHINGTON
Interest rates are low enough to get the economy through a coming "rough
patch," said Federal Reserve Governor Randall Kroszner on Friday.

Starbucks shares scalded by lowered targets

NEW YORK
Starbucks Corp. shares sank as much as 9% early Friday after the
coffee-shop operator posted a rise in quarterly profit but trimmed its
fiscal-year forecast.

AMD gets $622 million investment from Middle East firm

SAN FRANCISCO
Advanced Micro Devices Inc. said Monday it has received a $622 million
Middle Eastern investment in a move that could help the loss-making
chipmaker handle rising costs.

Huntington to take $300 million hit on loan loss write-off

NEW YORK
Huntington Bancshares said Friday that it would take up to a $300
million charge in the fourth quarter, becoming the latest financial
institution to report the impact of mortgage loan losses.