U.S. stocks rise as WaMu cash report spurs financials

Date: Mon, 07 Apr 2008 16:01:04 (GMT)

U.S. stocks rise as WaMu cash report spurs financials

U.S. stocks open firmly higher on Monday, with a report of a $5 billion
injection into Washington Mutual fueling hopes that ailing financial
firms are on course to restoring their financial health.

Washington Mutual rallies on report of talks for cash infusion

NEW YORK
Beleaguered thrift Washington Mutual Inc. is in negotiations to receive
a $5 billion cash infusion from private-equity firm TPG and a consortium
of other investors, according to a Wall Street Journal report.

Motorola to add Icahn allies to board
WASHINGTON

Motorola Inc. said Monday it will add two allies of activist investor
Carl Icahn to its board, defusing a potential proxy fight that could
have distracted the wireless device maker's management at a critical
time.

Yahoo fires back at Microsoft after threat of proxy battle

Yahoo Inc. responds to Microsoft's dig about its falling stock price
with its own critique, arguing that the software giant's share price
fall makes its takeover bid even less attractive than when the search
firm initially rejected it.

China agrees to let banks buy U.S. stocks and mutual funds

Banking and securities regulators from China and the U.S. are laying the
groundwork to enable Chinese investors to buy and sell U.S. securities.