Gold surges in broad metals rally; platinum hits new record

Date: Tue, 19 Feb 2008 17:01:04 (GMT)

Gold surges in broad metals rally; platinum hits new record

NEW YORK
Gold futures soared more than 2% in a broad commodities rally Tuesday,
as platinum surged 4% after hitting another record high of $2,174 an
ounce in electronic trading.

Market Snapshot: U.S. stocks advance for first session in three

U.S. stocks remain higher after two sessions of losses, with sentiment
bolstered by Wal-Mart Stores Inc.'s results, which offered hope about
consumer spending, and energy stocks, which drew a lift from a broad
rally in commodities.

Microsoft won't raise bid for Yahoo: report

SAN FRANCISCO
Microsoft Corp. is getting ready to play hardball in its bid for Yahoo
Inc., according to news reports Tuesday.

Wal-Mart's outlook is on the soft side; quarterly profit's up 4%

Wal-Mart Stores Inc.'s fourth-quarter profit rose 4%, driven by price
cuts, the retailing behemoth said Tuesday.

Credit Suisse writes down $2.85 bln after pricing errors

Shares in Credit Suisse Group tumble after the Swiss bank said, only a
week after reporting earnings, that it overvalued asset-backed
securities by at least $2.85 billion.