U.S. stocks bounce solidly higher after jobless claims drop

Date: Thu, 05 Jun 2008 12:03:34 -0400
U.S. stocks bounce solidly higher after jobless claims drop

U.S. stocks reclaim higher ground after a three-day spiral downward,
after jobless claims drop more than forecast and Wal-Mart Stores Inc.
and Costco Wholesale Corp.'s results top expectations.

Verizon to acquire Alltel in $28.1 billion deal

Verizon Wireless is in advanced talks to acquire closely held Alltel
Corp., a deal that could create the biggest U.S. wireless operator,
Vodafone Group said Thursday.

Continental to cut 3,000 jobs, reduce capacity as fuel costs soar

Continental intends to cut about 3,000 employees as the airline reduces
flights and capacity to offset record-high fuel prices.

Retail Stocks: May sales data boost retail stocks

Retailers get off to a rare good start early Thursday as the sector's
main indicator tacks on gains on some better-than-expected May
same-store sales results.

Mortgages in foreclosure jump again in first quarter: MBA

More homeowners headed toward foreclosure in the first quarter, with the
rate of foreclosure starts at levels not seen since 1979, according to
Mortgage Bankers Association data.