Cautious Fed cuts by quarter-point, no clear signal of more

Date: Tue, 11 Dec 2007 22:01:11 (GMT)

Cautious Fed cuts by quarter-point, no clear signal

WASHINGTON
The Federal Reserve cut interest rates Tuesday but was more cautious
than many economists had expected. The central bank lowered the federal
funds rate by a quarter-point to 4.25%.

Market Snapshot: U.S. stock close with stiff losses as Fed disappoints

NEW YORK
U.S. stocks on Tuesday took a steep dive after the Federal Reserve
shaved both its Fed funds target and discount rates by 25 basis points
and offered a more tepid assessment of the economy than equity investors
were looking for.

Citi names Pandit CEO; Bischoff becomes chairman

NEW YORK
Citigroup Inc. named Vikram Pandit chief executive and Win Bischoff
chairman Tuesday, as the financial-services giant tries to recover from
the effects of a global credit crisis this year.

WaMu shares slide as bank slashes 3,150 jobs

SAN FRANCISCO

Shares of Washington Mutual, the largest U.S. thrift, fell in early
trading Tuesday, a day after the bank said it's slashing 3,150 jobs and
cutting its dividend.

Boeing sticks by 787 schedule, but says risks remain

SAN FRANCISCO
Boeing said Tuesday it stands by its earlier schedule for getting its
new 787 Dreamliner passenger jet into the air and to its first
customers, despite lingering glitches in its largely outsourced
manufacturing process.