stocks rebound after two sessions of losses

Date: Tue, 18 Dec 2007
22:01:13 (GMT)

U.S. stocks rebound after two sessions of losses

U.S. stocks bounced back from two sessions of heavy losses on Tuesday
after the European Central Bank moved to lend $500 billion to commercial
banks and Goldman Sachs Group Inc. and Best Buy Co. offered solid
quarterly results.
Highest-paid CEOs tally double-digit growth in pay, data show

NEW YORK
Chief executives running some of the world's largest publicly traded
companies racked up double-digit raises in 2007 with a median total pay
surpassing the $8.8 million mark, according to a new report from the
Corporate Library.

FCC votes to relax cross-ownership rules

The Federal Communications Commission voted 3-2 to allow ownership of a
newspaper and a television station in the same market in the 20 largest
metropolitan areas in the U.S., which would ease a long-standing rule
prohibiting such ownership in any market.

Goldman Sachs profit rises 2%, once again outpacing expectations

Goldman Sachs said Tuesday that fourth-quarter net income rose 2% from a
year ago, with profit beating Wall Street estimates for the eighth
straight quarter, as investment-banking revenue rose sharply, offsetting
moderate growth in some other businesses.