U.S. stocks decline for a 4th day amid Fed foreclosure talk

Date: Tue, 04 Mar 2008 17:01:03 (GMT)

U.S. stocks decline for a 4th day amid Fed foreclosure talk

NEW YORK
U.S. stocks on Tuesday extended losses into a fourth session after
Federal Reserve Chairman Ben Bernanke said he expected more home
foreclosures and Intel Corp. reduced its outlook, with both serving as
reminders of a sputtering economy.

The Ratings Game: Merrill cuts Citi profit outlook on more expected
charges

BOSTON
Merrill Lynch lowered its fiscal 2008 earnings outlook for Citigroup
Inc. again on Tuesday on expectations the Wall Street giant will be
forced to take more big write-downs as credit markets worsen.

Intel shares bruised as chip heavyweight lowers margin forecast

Intel lowers gross-margin outlook for its first quarter due to
lower-than-expected prices for NAND flash-memory chips.

Tense Tuesday gets underway for Clinton, Obama

WASHINGTON
By the end of Tuesday, Democrats should have a good idea whether a
couple of late-night comedy appearances, questions about her opponent's
viability and relentless campaigning in Ohio and Texas will help Sen.
Hillary Clinton turn back the tsunami that is Sen. Barack Obama's
campaign for the presidential nomination.

The Fed: Creativity needed to limit foreclosures: Bernanke

The mortgage and financial-services industry will have to use fresh
thinking to reduce preventable foreclosures, said Federal Reserve Board
Chairman Ben Bernanke.