U.S. stocks mostly rise after Friday slide

Date: Mon, 09 Jun 2008 12:03:29 -0400
U.S. stocks mostly rise after Friday slide

U.S. stocks are trading mostly higher, rebounding from a sell-off last
week, as a steep drop in crude oil prices and an upbeat index on pending
home sales provide some degree of relief to investors worried that
surging oil prices will further weaken an already fragile economy.

Futures Movers: Crude futures fall as much as 2% from 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 to raise $6 billion in capital; $2.8 billion loss seen

Lehman Brothers says will report a quarterly loss for the first time
since going public and sets plans to raise $6 billion in capital.

Bond Report: Treasurys decline as inflation fears come to forefront

Treasury prices dip, pushing yields higher, amid further concern that
accelerating inflation will pressure central bankers to raise interest
rates.

Pier 1 offers to buy Cost Plus for about $88 million in stock

Pier 1 Imports offers to buy Cost Plus Inc. for $4 a share, a
prospective deal that would shore up the market position of the
home-furnishings retailers.