Primary dealers borrow $37 billion from Fed

Date: Thu, 27 Mar 2008 21:06:03 (GMT)

Primary dealers borrow $37 billion from Fed

Investment banks and broker dealers borrowed more than $30 billion a day
from the Federal Reserve's discount window this past week, but showed
only tepid interest in a separate 28-day lending facility from the Fed
that got under way on Thursday.

Market Snapshot: U.S. stocks tally second day of losses as technology
weigh

U.S. stocks close sharply lower, with technology shares pressured by
disappointing numbers from Oracle Corp. and Google Inc., while crude-oil
prices stay close to $107 a barrel.

Oracle shares slide on disappointing sales

Shares of Oracle Corp. fall as much as 8% in premarket trading after the
company's quarterly sales disappointed Wall Street.

Judge orders banks to fund $19 billion Clear Channel buyout

The group of banks says it will fight the ruling in favor of
private-equity firms buyint out Clear Channel, as well as continue
seeking to rework the deal.