U.S. stock indexes higher on housing, Bear news

Date: Mon, 24 Mar 2008 16:01:03 (GMT)

U.S. stock indexes higher on housing, Bear news

U.S. stocks sharply higher after word that J.P. Morgan is in discussions
to increase by five fold its acquisition bid for Bear Stearns.

Bear Stearns shares double as J.P. Morgan sweetens bid

Shares of Bear Stearns rise more than 50% in pre-market moves after news
J.P. Morgan may raise its buyout price for the firm to $10 a share from
$2 a share.

Tiffany shares jump as outlook lifted

Tiffany stock moves higher after the luxury-goods retailer raises its
profit forecast for the current fiscal year.

Economic Report: Home resales rise in February on record price decline

Boosted by a record decline in prices, the U.S. housing market showed
signs of stability in February, with sales of existing home rising
modestly for the first time in seven months.

Icahn sues Motorola over records of CEO selection and use of jet

Carl Icahn renewed his fight against Motorola Inc., filing a lawsuit
seeking records relating to the strategy of its troubled mobile device
business and other matters, including use of the company jet by top
executives.