U.S. stock indexes up 1% and more for the week

Date: Fri, 02 May 2008 21:01:04 (GMT)
U.S. stock indexes up 1% and more for the week

Stock waver mostly higher to end with weekly gains after a day of mostly
choppy trade as investors mostly pulled the plug on an earlier rally
sparked by fewer job losses than expected and central bank liquidity
moves.

The Fed: Fed expands auction, accepts wider collateral to boost
liquidity

The Federal Reserve and other central banks are increasing the funding
they provide to banks. The Fed also says that, for the first time, it's
willing to accept bonds backed by auto loans and credit cards.

John Dvorak's Second Opinion: What Microsoft may be thinking with
Yahoo's board

Microsoft could load up the Yahoo board with supporters and revisit the
whole offer in six months or so, after its stooges try to ruin the Web
portal, according to John Dvorak.

Economic Report: April U.S. nonfarm payrolls shed 20,000 jobs

Job losses decelerate in April, suggesting that the nation's economic
downturn may be short and shallow rather than long and severe.

Buffett gets crisis to invest cash as annual meeting looms

SAN FRANCISCO
Berkshire Hathaway, the insurance focused conglomerate run by
billionaire Warren Buffett, has been sitting on more than $40 billion in
cash since 2004.