U.S. stocks shake off losses amid bargain-hunting

11:45 am ET Nov 12, 2007

DJIA

13,112

+70.07

S&P

1,459

+6.20

NASDAQ

2,630

+2.06

10Yr

4.21%

-0.014

U.S. stocks shake off losses amid bargain-hunting

NEW YORK
Stocks on Monday returned to positive turf after a shaky start as
investors sought bargains in the wake of last week's sell-off, which
coincided with the dollar's decline and ongoing worries about the credit
crunch and its impact on the U.S. economy.

E-Trade's shares cut nearly in half after warning, sell rating

NEW YORK
Shares of E-Trade Financial Corp. lost more than half their value Monday
after the company said it faced more subprime-related write-downs and as
one analyst suggested the firm might have to file for bankruptcy
protection.

Airbus nabs $50 bln in orders, trouncing Boeing, at Dubai show

LONDON
European airplane maker Airbus has scored a major victory over U.S.
rival Boeing Co. with a series of major orders, worth close to $50
billion at list prices, from Middle Eastern carriers at the Dubai
Aerospace Air Show.

IPO-related charges hurt Blackstone's bottom line

WASHINGTON Shares of Blackstone Group L.P. traded as much as 11% lower
Monday, as investors reacted negatively to the private-equity powerhouse
reporting a third-quarter loss.

IBM to pay $5 billion for Canadian software company Cognos

WASHINGTON
International Business Machines Corp. on Monday said it will acquire
business-software developer Cognos Inc. for $5 billion in cash, a move
aimed at keeping up with rivals in the increasingly attractive field of
business intelligence.