Stocks wabble after Thursday plunge as oil tops $142

Date: Fri, 27 Jun 2008 12:03:33 -0400
U.S. stocks wabble after Thursday plunge as oil tops $142

Stocks wabbled in and out of positive
territory Friday, unable to bounce back a day after the market plunged
on renewed concerns about financials, credit conditions and oil topping
$140 for the first time.

Financial Stocks: Merrill write-down worries pressure sector

Financial-sector stocks get a brief respite, moving up slightly even
though renewed worries about write-downs at large investment banks and
the soaring cost of oil dull their rise.

Economic Report: Incomes get jolt from tax rebates

U.S. incomes, spending and savings surge in May after the government
sends out $48 billion in tax rebate checks to stimulate the economy.

Sony Ericsson warns of flagging cell phone demand

Mobile-phone maker Sony Ericsson says it might not see any profit growth
in the second quarter due to slowing demand for some of its
higher-priced phones and a delay in shipping new models to the market.

Top Lehman execs to give up 2008 bonuses: report

Lehman's CEO and president reportedly will forgo their 2008 bonuses in a
nod to the beleaguered investment bank's recent troubles.