Tuesday, June 24, 2008

U.S. stocks end lower on eve of Fed's interest-rate decision

Date: Tue, 24 Jun 2008 17:04:17 -0400
U.S. stocks end lower on eve of Fed's interest-rate decision

U.S. stocks finish an erratic session modestly lower, with sentiment
turning cautious one day ahead of the Federal Reserve's interest rate
decision.

Yahoo shares whipsawed on reports of new Microsoft talks

Shares of Yahoo Inc. see sharp gains as well as drops after various
media outlets report rumors that talks with Microsoft Corp. are back on,
but disagree as to the scope of those discussions.


Economic Report: Four years of home-price gains wiped out: Case-Shiller
data

Home prices in 20 major U.S. cities have dropped a record 15.3% in the
past year and are now back to where they were in 2004, the Case-Shiller
home price index says. A similar regional index compiled by the
government shows a smaller decline.

iPhone subsidies likely to raise stakes, analysts say

The latest parlor game among analysts involves guessing how much AT&T is
going to pay to subsidize the cost of the device for consumers.

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