U.S. stocks cut losses in the wake of AIG disclosure

Date: Mon, 11 Feb 2008 17:01:13 (GMT)

U.S. stocks cut losses in the wake of AIG disclosure

U.S. stocks drop, with the Dow industrials down about 30 points, after
insurer American International Group Inc. pointed to potential trouble
with the valuation of its credit-default swap portfolio, fueling new
worries about the financial sector.

Yahoo says Microsoft bid 'substantially undervalues' company

Yahoo formally rejects Microsoft's $44.6 billion bid to buy the company,
saying the offer "substantially undervalues" the Internet search giant.

SocGen plans $8 billion rights issue at steep discount

Societe Generale, the French bank rocked by over $7 billion of losses
from unauthorized trading, sets out plans for a rights issue at a steep
39% discount as it also reveals almost 600 million euros of previously
undisclosed write-downs.

Nokia unveils four new multimedia mobile phones

Nokia Corp. unveiled four new multimedia mobile phones on Monday,
including successors to two of its bestselling models.