U.S. stocks rally on tech profits to end with weekly gains

Date: Fri, 21 Dec 2007 22:06:08 (GMT)

U.S. stocks rally on tech profits to end with weekly gains

NEW YORK
U.S. stocks on Friday rallied to solid weekly gains after upbeat results
from Research In Motion Ltd. bolstered the technology sector and
financials drew strength on word Merrill Lynch & Co. might draw a large
investment from overseas.

SIV 'superfund' shelved for lack of interest, changing needs

A plan to relieve a major source of this year's credit crisis that was
backed by the U.S. government and three of the world's largest banks
has been shelved, partly because of a lack of interest in the project,
people familiar with the situation said.

Economic Report: Consumers outspend incomes in November; U.S. inflation
jumps

WASHINGTON
U.S. consumers spent more than they earned in November, driving the
personal savings rate negative for the first time in 15 months but
giving a much-needed boost to a sagging economy, the Commerce Department
reported Friday.

Circuit City stock plunges as losses widen

In a sign of continued struggle and market share loss, Circuit City
Stores Inc. posted a wider-than-expected third-quarter loss on Friday,
hit by lower sales and price cuts on flat-panel televisions.

Research In Motion shares close with big gains

Research In Motion shares surge more than 11% after the company reports
its earnings more than doubled in the third quarter, thanks to continued
strong demand for the BlackBerry.