U.S. stocks higher as CEO changes bolster market

Date: Tue, 08 Jan 2008 17:06:15 (GMT)
U.S. stocks higher as CEO changes bolster market

NEW YORK
U.S. stocks gained Tuesday as an executive shakeup at Starbucks Corp.
prompted an upgrade of the coffee chain and as investors reacted to a
report that Bear Stearns Cos.' chief executive plans to give up the
post.

Economic Report: Pending home sales sink 2.6% in November

Sales contracts on previously owned homes fall by 2.6% in November, a
sign that home sales could continue to decline.

Bear Stearns' Cayne to step down as CEO: report

SAN FRANCISCO
Battered by embarrassing losses at two big hedge funds, a distressed
share price and a weakened balance sheet, James Cayne is reportedly
relinquishing the post of chief executive at Bear Stearns Cos. and
retreating to his chairman's office.

Schultz takes back over at Starbucks

Starbucks taps its former leader in a bid to steer the struggling coffee
retailer in the right direction.

Candidates promise change in last push in New Hampshire

WASHINGTON
White House hopefuls made their final push to score votes in New
Hampshire on Tuesday as residents there prepared to case their ballots
in the next critical step in the U.S. presidential nominating process.