U.S. stocks higher in aftermath of January's retail sales

Date: Wed, 13 Feb 2008 17:01:04 (GMT)

U.S. stocks higher in aftermath of January's retail sales

U.S. stocks gain for a third day with the technology sector leading the
way, and sentiment lifted by a surprising rebound in January retail
sales after an atrocious December that helped calm worries about the
economy.

Economic Report: Jan retail sales up better-than-expected 0.3%

WASHINGTON
U.S. retail sales were better than expected in January on higher auto
and gasoline sales, providing a glimmer of light in the tough economic
environment. .

Is Yahoo worth $40 a share?
Though Yahoo Inc. has formally rejected Microsoft Corp.'s unsolicited
buyout offer, many expect the Web portal to eventually fall into the
clutches of the software giant -- at a higher price.

Venezuela halts oil sales to Exxon Mobil; little impact seen

Venezuela halted oil supplies to Exxon Mobil, the latest move by the
country's president, Hugo Chavez, in an increasingly bitter dispute over
the country's seizure of the company's stake in two oil ventures.
Analysts said the move would have little impact on the oil giant.

Nortel CEO sees 4G as opportunity to leapfrog rivals

BARCELONA
Nortel Networks believes the emergence of new wireless communications
technologies will give it a unique chance to get an edge on rivals,
Chief Executive Mike Zafirovski told MarketWatch in an interview on
Wednesday.