U.S. stocks mostly recover from Bear Stearns-induced drop

Date: Mon, 17 Mar 2008 21:06:03 (GMT)
U.S. stocks mostly recover from Bear Stearns-induced drop

U.S. stocks shake off the bulk of stiff losses, with J.P. Morgan leading
a blue-chip rally a day after its heavily discounted bid for Bear
Stearns Cos. and the Federal Reserve's extraordinary discount-rate cut.

Bear stock price suggests shareholders may hold out for more

The prospect that Bear Stearns investors may reject the $2 a share offer
-- at least for a few months -- is now being priced into the market,
analysts say.

Wall Street watches Lehman walk on thin ice

Analysts who cover broker Lehman Brothers are watching closely from the
sidelines, loath to add to market speculation that the firm may be the
next major brokerage to falter.

The Fed: Fed rate cut of a percentage point looks more certain than
ever

The Federal Reserve is expected to engineer an extremely rare cut of one
percentage point in overnight interest rates on Tuesday, Fed watchers
say.

Debate grows over iPhone's enterprise impact

SAN FRANCISCO
Apple Inc.'s latest efforts to make the iPhone more attractive to
business customers by adding new support for corporate e-mail and
information systems has some analysts divided on how much the device
will be accepted by the corporate market.