Defensive posture taken in Europe with U.S., U.K. shut

Date: Mon, 26 May 2008 17:04:24 -0400
Defensive posture taken in Europe with U.S., U.K. shut

Traders in Europe are in a defensive posture on Monday in a light-volume
holiday session, with investors opting for telecommunications firms and
utilities at the expense of banks and automakers.

Weekend Edition: Bank failures to surge as credit crunch slows economy

Only three banks have failed so far in 2008. But that number is set to
surge as the credit crunch slows economic growth and hammers some
lenders that grew too fast during the recent real-estate boom, experts
say.

Telecom Report: AT&T, Verizon bet they'll catch Sprint in 4-G wireless
race

"My network's better than your network." So goes the playground-like
argument that's raging in the telecom industry's fierce competition for
customers in "fourth-generation" wireless service.

Dow's transport index rise defies historical trends

NEW YORK
A top performance so far this year by the Dow Jones Transportation
Average index, long considered a precursor to market turnarounds, should
spell recovery for the broader market.

Market Snapshot: U.S. stocks look for holiday from inflationary
reminders

Stocks could use a holiday during the coming Memorial Day-shortened week
from the escalating energy prices and inflationary data that have dogged
the equities market, fueling persistent worries about the ailing U.S.
economy.