U.S. stocks score strong gains on positive tech earnings

Date: Fri, 21 Dec 2007 17:01:11 (GMT)

U.S. stocks score strong gains on positive tech earnings

NEW YORK
U.S. stocks on Friday climbed for a second day as solid results from
Research In Motion Ltd. bolstered the technology sector and financials
were supported by word that Merrill Lynch & Co. might draw a large
investment from overseas.

Merrill Lynch may get $5 bln Temasek cash injection

HONG KONG
Merrill Lynch is bullish on Singapore.

The Fed: Fed to hold special auctions 'as long as necessary'

The Federal Reserve said Friday it will conduct biweekly auctions of
short-term funds for as long as necessary to alleviate a credit
squeeze.

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.