Half-point cut most likely: former Fed staffer

Date: Mon, 28 Jan 2008 22:01:04 (GMT)

Half-point cut most likely: former Fed staffer

WASHINGTON
The Federal Open Market Committee is likely to cut rates again by a
half-point on Wednesday, according to former top Fed staffer Vincent
Reinhart.

Market Snapshot: U.S. stocks end near session highs as investors bet on
Fed cut

U.S. stocks closed near session highs on Monday, with financials
fronting the climb, after bleak figures on the battered housing market
further fueled hopes for another interest-rate cut by the Federal
Reserve later this week.

Telecom Report: AT&T, Verizon not deterred by economy

For AT&T and Verizon, business is pretty good and a slowing U.S. economy
isn't giving executives any ulcers, at least not yet.

Countrywide's Mozilo to give up $37.5 million severance

Countrywide Financial said on Monday that Chief Executive Angelo Mozilo,
a lightening rod for criticism over the subprime-lending meltdown, is
giving up a $37.5 million severance package.

Nymex Holdings, CME talk over a possible merger; shares gain

NEW YORK
Nymex Holdings Inc. and CME Group Inc. confirmed Monday that that the
two companies are holding preliminary talks about a potential merger
that could eventually be worth as much as $11.07 billion.