U.S. stocks close with second day of gains on subprime plan

Dec 6, 2007

U.S. stocks close with second day of gains on subprime plan

NEW YORK
U.S. stocks on Thursday extended gains for a second day after the White
House offered its plan to curb home foreclosures, bolstering financial
shares battered for months by the subprime mortgage crisis and related
credit crunch.

MarketWatch First Take: Mortgage plan only a small first step

WASHINGTON
The government and the mortgage industry finally understand that the
economy needs some strong medicine to purge itself of the toxic
mortgages written over the past five years.

Bush, Paulson unveil plan to aid troubled borrowers

WASHINGTON
The mortgage industry has agreed on a plan to help some struggling
borrowers keep their homes, Bush administration officials said
Thursday.

Technology spending to slow in 2008: report

SAN FRANCISCO
Worldwide spending on information technology will grow at a slower rate
in 2008 due to "economic uncertainties," according to a report released
Thursday by the International Data Corp.

Retailers post mixed November sales

NEW YORK
U.S. retailers posted mixed November sales results, with scarcity of
must-have fashion items and no shortage of macroeconomic concerns
battering many U.S. apparel retailers, while value-seeking shoppers and
a calendar shift aided wholesale clubs and department stores.