Friday, May 18, 2007

U.S. stocks rally; Dow ends at record amid flurry of deals

4:30 pm ET May 18, 2007

DJIA

13,556

+79.81

S&P

1,522

+10.00

NASDAQ

2,558

+19.07

10Yr

4.80%

+0.048

U.S. stocks rally; Dow ends at record amid flurry of deals

NEW YORK
U.S. stocks rallied on Friday, sending the Dow Jones Industrial Average
to a new record high and the broad S&P 500 Index near its all-time high
amid a flurry of takeover activity.

Microsoft to acquire aQuantive for $6 bln, an 85% premium

NEW YORK
Microsoft Corp. on Friday agreed to pay $6 billion in cash for Internet
marketing firm aQuantive, extending the software giant's reach into
online advertising and giving it more ammunition in its fight with
Google Inc.

China widens range that yuan can rise against dollar

NEW YORK
The People's Bank of China on Friday said it's widening the trading band
for the yuan, hiking interest rates and increasing banks' reserve
requirements, as authorities act to cool the red-hot stock market and
lessen pressure from disgruntled trading partners such as the United
States.

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U.S. stocks powered by flurry of deals

11:40 am ET May 18, 2007

DJIA

13,525

+48.93

S&P

1,518

+5.25

NASDAQ

2,545

+5.68

10Yr

4.77%

+0.012

U.S. stocks powered by flurry of deals


NEW YORK
U.S. stocks were firmly higher on Friday, resuming the market's advance
after mild consolidation on Thursday, as a flurry of deals -- including
a Microsoft Corp. acquisition and a potential divestiture by General
Electric Co. -- boosted interest for blue chips, along with upgrades of
Intel Corp. and Verizon Corp.

China widens range that yuan can rise against dollar

NEW YORK
The People's Bank of China on Friday said it's widening the trading band
for the yuan, hiking interest rates and increasing banks' reserve
requirements, as authorities act to cool the red-hot stock market and
lessen pressure from disgruntled trading partners such as the United
States.
Microsoft to acquire aQuantive for $6 bln

Consumer confidence posts surprise jump in May, beating projections.

Date: Fri, 18 May 2007

Consumer confidence posts surprise jump in May, beating projections.

Thursday, May 17, 2007

U.S. stocks end lower in post-rally consolidation

4:30 pm ET May 17, 2007

DJIA

13,476

-10.81

S&P

1,512

-1.39

NASDAQ

2,539

-8.04

10Yr

4.76%

+0.048


U.S. stocks end lower in post-rally consolidation

NEW YORK
U.S. stocks ended lower Thursday, as investors consolidated some of the
previous session's strong gains, and with a surge in crude oil prices
offsetting upbeat outlooks from Hewlett-Packard Co. and JC Penney Co.
Inc.

Futures Movers: Gasoline futures close 4% higher, lifting crude to a
2-week high

SAN FRANCISCO
Reformulated-gasoline futures rallied more than 4% Thursday, leading
crude futures to close at their highest level since late April as
traders fretted about high-demand expectations for gasoline during the
summer-driving season.

Senators, Bush reach deal on immigration

WASHINGTON
Taking another run at one of the nation's most divisive political
issues, a bipartisan group of senators and the White House agreed
Thursday on a plan to overhaul the nation's immigration laws.

Fed's Bernanke sees limited impact from subprime

11:40 am ET May 17, 2007

DJIA

13,482

-4.87

S&P

1,512

-1.18

NASDAQ

2,541

-5.67

10Yr

4.74%

+0.036


Fed's Bernanke sees limited impact from subprime

WASHINGTON
The slowdown in the housing market probably has further to run, but it
won't have a significant impact on the rest of the economy, Federal
Reserve Chairman Ben Bernanke said Thursday.

Leading Indicators fell 0.5 percent in April, missing forecasts, and pointing to more short-term economic weakness.

Date: Thu, 17 May 2007

Leading Indicators fell 0.5 percent in April, missing forecasts, and
pointing to more short-term economic weakness.

Bernanke sees further slowdown in home sales from subprime problems, says Fed keeping 'all options' open.

Date: Thu, 17 May 2007 09:31-0400

Bernanke sees further slowdown in home sales from subprime problems,
says Fed keeping 'all options' open.

U.S. jobless claims fell by 5,000 to 293,000 last week, the lowest level in more than a year.

Date: Thu, 17 May 2007 8:44:59 -0400

U.S. jobless claims fell by 5,000 to 293,000 last week, the lowest level
in more than a year.

Wednesday, May 16, 2007

Breaking News Wed., May 16, 2007

Date: Wed, 16 May 2007

PAUL WOLFOWITZ WILL NOT RESIGN AND WOULD RATHER PUSH THE ISSUE OF HIS
TENURE TO A VOTE BY THE WORLD BANK BOARD, HIS LAWYER SAYS

U.S. stocks rally; Dow at record after economic data

4:30 pm ET May 16, 2007

DJIA

13,487

+103.69

S&P

1,514

+12.95

NASDAQ

2,547

+22.13

10Yr

4.71%

-0.004

U.S. stocks rally; Dow at record after economic data

NEW YORK
U.S. stocks rallied Wednesday, sending the Dow Jones Industrial Average
to a new record high, as investors cheered stronger-than-expected
industrial production data, Bausch & Lomb's buyout by a private equity
firm and speculation about a break-up of Citigroup Inc.

Dow storms to record closing high with 100+ point gain; S&P ends at 6-year high; Nasdaq up sharply.

Date: Wed, 16 May 2007

Dow storms to record closing high with 100+ point gain; S&P ends at
6-year high; Nasdaq up sharply.

U.S. stocks rise after economic data

11:40 am ET May 16, 2007

DJIA

13,409

+25.51

S&P

1,505

+4.56

NASDAQ

2,526

+1.16

10Yr

4.71%

0.000

U.S. stocks rise after economic data

NEW YORK
U.S. stocks rose Wednesday, as investors cheered stronger-than-expected
industrial production data, Bausch & Lomb's buyout by a private equity
firm.and speculation about a break-up of Citigroup Inc.

Economic Report: Building permits fall to 10-year low, but starts rise
2.5%

WASHINGTON
U.S. builders pulled back on filing for permits to build homes in April,
but started construction on more houses than they did in March, the
Commerce Department reported Wednesday.

Fed's Hoenig sees economy picking up

DENVER
Federal Reserve Bank of Kansas City President Thomas Hoenig on Tuesday
night said that he expected the first quarter would be the low point of
the U.S. economic slowdown and the economy would pick up from here.

Tuesday, May 15, 2007

U.S. stocks close mixed after post-inflation rally

4:30 pm ET May 15, 2007

DJIA

13,383

+37.06

S&P

1,501

-1.96

NASDAQ

2,525

-21.15

10Yr

4.71%

+0.022

U.S. stocks close mixed after post-inflation rally

NEW YORK
U.S. stocks finished mixed on Tuesday, with the Dow Jones Industrial
Average closing at a record high on the back of weaker-than-expected
consumer prices, while the broad market succumbed to selling late in the
session.

Midday Report: U.S. stocks rally after inflation report

11:41 am ET May 15, 2007

DJIA

13,454

+107.27

S&P

1,512

+9.34

NASDAQ

2,553

+7.13

10Yr

4.70%

+0.008

U.S. stocks rally after inflation report

NEW YORK
U.S. stocks rallied Tuesday, sending the Dow Jones Industrial Average to
a record high, after weaker-than-expected consumer price inflation
boosted hopes that the Federal Reserve will cut interest rates to boost
a slowing economy, offsetting disappointing results from Home Depot Inc.
and Wal-Mart Stores.

Economic Report: Core inflation rises 0.2% in April

WASHINGTON
U.S. consumer prices increased 0.4% in April, boosted by higher prices
for energy and groceries, the Labor Department reported Tuesday.

Weak housing market hurts Home Depot profit

NEW YORK
Home Depot Inc. on Tuesday reported a 30% drop in quarterly profit,
blaming the faltering U.S. housing market as well as unusual weather,
and forecast a weak home-improvement market for the rest of the year.

Wal-Mart's profit in line with expectations; cautious on outlook

CHICAGO
Wal-Mart Stores Inc. turned in an 8% increase in first-quarter earnings
Tuesday, as robust results out of the retailer's growing international
division and its warehouse stores helped make up for the ongoing
difficulties in core U.S. stores.

Home prices sink 1.8 percent in first quarter, falling for third straight quarter, Realtors report.

Date: Tue, 15 May 2007

Home prices sink 1.8 percent in first quarter, falling for third
straight quarter, Realtors report.

April consumer prices, a key inflation measure, rose 0.4 percent; core consumer prices up 0.2 percent; both in line with estimates.

Date: Tue, 15 May 2007 08:33:35 -0400

April consumer prices, a key inflation measure, rose 0.4 percent; core
consumer prices up 0.2 percent; both in line with estimates.

Daily Briefing: U.S. scrambles to keep tense Kirkuk from igniting

Date: Tue, 15 May 2007

NEWS

U.S. scrambles to keep Kirkuk from igniting
---------------------------------------------
When a bomb goes off here, Lt. Col. Michael Browder's job is to make it
seem
like the attack never happened. By making an extraordinary effort to
repair
damage after such explosions, the U.S. military hopes to soothe public
anger
and keep Kirkuk from becoming Iraq's next big flash point for violence.

Miami tops rude drivers list
---------------------------------------------
For the second consecutive year, rude Miami drivers have earned the city
the
title of worst road rage in a survey released Tuesday.

Sick kids given 'soundtrack of their lives'
---------------------------------------------
On Thursday, 15,000 New York schoolchildren will sing, along with Bob
McGrath
of "Sesame Street," to record a song all about 7-year-old Ronald
Sterling. The
event marks the 12,000th song produced by the Songs of Love Foundation,
a non-
profit group that creates personalized compositions for children and
teens who
are chronically or terminally ill, are developmentally disabled or have
serious psychological or psychiatric problems. Each song has its own
melody
and lyrics that describe the child's interests, family, friends and
pets.


MONEY

Chrysler sold in unprecedented auto deal
---------------------------------------------
DaimlerChrysler said Monday it will sell more than 80% of its
money-losing
Chrysler Group to private equity firm Cerberus Capital Management LP,
unwinding its nearly decade-old deal to merge the U.S. brand with
Mercedes-
Benz.

Gas hits record, likely to stay high
---------------------------------------------
The U.S. average gasoline price set a record Monday, eclipsing highs
seen
following Hurricane Katrina. A number of analysts, including those at
Oil
Price Information Service and A.G. Edwards, expect the run-up in prices
will
end soon. But they do not expect prices to fall much this summer and
warn
another increase at the pump may come later in the season.

Thomson-Reuters merger challenges Bloomberg
---------------------------------------------
Reuters Group PLC and Thomson Corp. said Tuesday that they have agreed
on
terms for a merger to create one of the world's largest financial news
providers.

Home improvement retailer Home Depot reports earnings well below analyst estimates.

Date: Tue, 15 May 2007

Home improvement retailer Home Depot reports earnings well below analyst
estimates.

Monday, May 14, 2007

Markets Monday, 05/14/2007

Date: Mon, 14 May 2007

| Dow : 13346.78 up 20.56

| S & P : 1503.15 down 2.70

| NASDAQ: 2546.44 down 15.78

| Bond (10Y): 4.69%, 98.47

MARKETS:
Techs drag on Wall Street Investors retreat ahead of economic
reports; automaker shares jump on Daimler's majority sale of its
Chrysler unit.

U.S stocks mixed after Chrysler sale

11:40 am ET May 14, 2007

DJIA

13,357

+31.53

S&P

1,506

+0.51

NASDAQ

2,556

-5.58

10Yr

4.68%

+0.012

U.S stocks mixed after Chrysler sale

NEW YORK: U.S. stocks were mixed Monday, as investors consolidated some
of the market's recent gains ahead of key inflation data on Tuesday,
offsetting news that DaimlerChrysler AG agreed to sell 80% of Chrysler
for $7.45 billion news.

Cerberus to buy 80% of Chrysler for $7.4 billion cash

LONDON: Private-equity firm Cerberus Capital Management on Monday agreed
to inject $7.4 billion into Chrysler Group in return for 80% of the
ailing automaker, a move that effectively unwinds the deal struck
between Daimler and Chrysler one decade ago.