U.S. stocks climb on better-than-expected housing data

Date: Mon, 25 Feb 2008 17:01:04 (GMT)

U.S. stocks climb on better-than-expected housing data

U.S. stocks pull higher after better-than-expected home sales report.
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The Ratings Game: Goldman sees Citigroup facing $12 billion in fresh
write-downs

NEW YORK
Analysts at Goldman Sachs cut estimates for the nation's top banks and
brokers Monday and said these major institutions would likely report
write-downs of between $1 billion and $12 billion for soured real-estate
loans and related exposures.

Movers & Shakers: Monday's biggest gaining and declining stocks

Companies whose shares are expected to move significantly in Monday
trading include Ambac, Clear Channel, Genentech, GM, Getty Images,
Lowe's, Merck, Microsoft, Henry Schein, Teva, Tesco, Time Warner, UBS,
Visa, and Yahoo.

IPO Report: Visa would be richest-ever U.S. IPO of nearly $19 billion

NEW YORK
Visa Inc. has set its sights on generating the largest proceeds ever
raised in a U.S. initial public offering, proposing Monday a whopping
$18.8 billion deal that will likely begin trading on the New York Stock
Exchange within the next several weeks.

EA makes bid for Take-Two Interactive

Electronic Arts Inc. on Sunday unveiled a $2 billion unsolicited bid to
buy Take-Two Interactive Software Inc., its second offer in recent
weeks.