Honeywell's sweetened forecast lifts U.S. stocks to mixed close

Date: Thu, 13 Dec 2007
22:01:09 (GMT)

Honeywell's sweetened forecast lifts U.S. stocks to mixed close

Wall Street suffers as a mixed batch of economic readings -- including a
sharp rise in wholesale prices -- fail to offset underlying doubts about
whether recent moves by the Federal Reserve will bolster the economy.

JetBlue shares surge following word of Lufthansa stake

JetBlue Airways Group said Thursday that Deutsche Lufthansa had agreed
to take a 19% equity stake in the New York carrier and get a seat on the
board.

SportsWatch: Mitchell steroid probe names Roger Clemens, other stars as
users

Former Sen. George Mitchell's long-awaited report on steroids in Major
League Baseball will name Roger Clemens, Andy Pettite, Gary Sheffield,
and several other current ballplayers as using the performance-enhancing
drugs, according to several media reports.

Economic Report: U.S. Nov. wholesale inflation hits highest rate since
1973

Wholesale prices rise 3.2% in November, the largest growth since August
1973, a sign which some believe could signal stagflation.

Lehman's profit falls on bond write-down, but beats forecasts

Lehman Brothers says its fourth-quarter profit fell for the third
straight quarter, slipping 11% from a year ago on net write-downs of
$830 million on fixed-income trading assets, but the results top Wall
Street expectations.