Stocks trim losses as technology fronts recovery attempt

Date: Fri, 14 Dec 2007
17:01:09 (GMT)

Stocks trim losses as technology fronts recovery attempt

NEW YORK
U.S. stocks on Friday remained mostly lower, with technology stocks
fronting an attempted rebound, after consumer prices climbed 0.8% in
November, bolstering ongoing worries about inflation and the U.S.
economy.

Citigroup to take $49 bln of SIV assets onto balance sheet

LONDON
Citigroup shares traded higher Friday after the banking giant said it
will take $49 billion worth of assets from several investment entities
that have been damaged by the credit market crisis and add them to its
own balance sheet.

Economic Report: Consumer inflation runs at quickest pace in two years

WASHINGTON
Consumer inflation increased at the fastest pace in more than two years
in November, and analysts said the report wouldn't sit well with the
Federal Reserve.

'Made in America' more appealing as dollar drops, crude soars

LONDON
Forget about China, the U.S. is the new hot spot for global firms
looking for lower production and transport costs, increased supply-chain
flexibility and a crack at wooing the world's most demanding customers.