U.S. stocks end mostly higher as crude oil slides 3%

Date: Mon, 09 Jun 2008 17:04:43 -0400
U.S. stocks end mostly higher as crude oil slides 3%

Stocks struggle to hang onto gains, with financial shares weighed down
with concerns over Lehman Brothers offsetting relief over oil prices,
which are backing off from record highs.

Apple debuts new 3G iPhone in push for mainstream

Looking to capitalize on the momentum it has so far generated with the
iPhone, Apple unveils a new 3G version of the device that runs on faster
networks.

The Fed: N.Y. Fed's Geithner backs moves easing the credit crunch

The Federal Reserve should have more options to relieve a liquidity
squeeze, the head of the New York Fed says, offering support for the
central bank's recently criticized moves to shore up the financial
system.

Futures Movers: Crude futures close 3% below recent record levels

Energy prices pull back in the wake of crude oil's benchmark contract
making its unprecedented surge of nearly $11 a barrel in the previous
session.

Lehman Brothers to raise $6 billion in capital; shares plunge

Lehman Brothers says it will report a quarterly loss for the first time
since going public and sets plans to raise $6 billion in capital. Shares
of the Wall Street investment bank come under heavy selling pressure.