U.S. stocks rebound, buoyed by IBM's upbeat earnings

Date: Mon, 14 Jan 2008 17:01:04 (GMT)

U.S. stocks rebound, buoyed by IBM's upbeat earnings

U.S. stocks rebounded on Monday, with the Dow industrials' triple-digit
rise triggered by strong results from International Business Machines
Corp., giving an oversold market reason to turn higher.

IBM expects fourth-quarter profit to easily top forecasts

WASHINGTON
Fourth-quarter profit at IBM Corp. easily exceeded Wall Street's
estimates owing to what the information-technology giant called stronger
sales in Asia and Europe as well as rising demand in emerging markets.

Citigroup write-offs could reach $24 billion: report

LONDON

Citigroup may write off up to $24 billion over subprime- and
credit-related losses, putting as many as 20,000 jobs at risk, according
to a published report on Monday.

CORRECT: Sears falls to multi-year low on profit warning

NEW YORK
Sears Holdings Corp. shares fell 8% in early action Monday after the
retailer warned that fourth-quarter earnings per share may fall as much
as 51% from last year's levels.

The Ratings Game: Credit Suisse, first time this decade, recommends U.S.
stocks

Credit Suisse strategists, for the first time this decade, recommended
that fund managers buy more U.S. stocks than a world index would
suggest, saying that authorities state-side are likely to be quicker on
the draw than their European counterparts in responding to slowing
economy.