U.S. stocks close with gains after oil slides

Date: Tue, 27 May 2008 17:04:43 -0400
U.S. stocks close with gains after oil slides

U.S. stocks tilt tentatively higher, shifting course from the market's
worst weekly drop since February, as crude-oil futures fall to more
two-week lows, offsetting mostly bleak data on housing prices and
consumer confidence.

Crude oil closes below $130 after last week's rally

Crude-oil futures fall below $130 a barrel for the first time in nearly
a week, with the market ignoring fresh threats to oil supply as traders
lock in gains from an almost 5% rise in prices last week.

Economic Report: U.S. May consumer confidence at 16-year low

WASHINGTON
U.S. consumer confidence extended its tumble in May to reach a
16-year-low, the Conference Board reported Tuesday, as inflation
expectations reached a record high on rising gas prices.

Economic Report: Home price declines accelerate in March

Home prices in 20 major U.S. metropolitan areas have dropped a record
14.4% in the past year, Case-Shiller index data compiled by Standard &
Poor's show.

Yahoo's coming election battle: A focus on credibility

In this summer's proxy battle for control of Yahoo Inc., analysts say
the big salvos will likely focus on one central question: Did the board
of the Internet company fumble the broken-down merger talks with
Microsoft Corp.?