Midday Report: U.S. stocks pare early gains as Fed bailout considered

Date: Mon, 14 Jul 2008 12:03:23 -0400
U.S. stocks pare early gains as Fed bailout considered

U.S. stocks trade narrowly mixed, as investors mulll federal lifeline
thrown to mortgage-finance giants Fannie Mae and Freddie Mac as well as
Anheuser-Busch agreeing to sweetened buyout offer.

White House, Fed step in to rescue Fannie, Freddie

WASHINGTON
The implicit government guarantee of Fannie Mae and Freddie Mac is now
explicit.

Anheuser-Busch accepts $52 billion InBev offer

Anheuser-Busch Cos. agrees to a $52 billion offer from InBev NV in a
global deal that will create the world's largest beer maker and transfer
ownership of the legendary U.S. company to the Belgian-Brazilian giant.

Futures Movers: Crude mixed on rising dollar, Brazilian strikes

Crude-oil futures reclaim $145 a barrel as traders eye strength in the
dollar and renewed worries about supply disruptions in Brazil and,
potentially, Nigeria.

Yahoo rebuffs Microsoft-Icahn restructuring proposal

Yahoo Inc. said late on Saturday that it rejected a restructuring
proposal from Microsoft Corp. and the investor Carl Icahn, and the
Sunnyvale, Calif., Internet-services giant called on Microsoft to bid
for the whole company.