Stocks end higher, with Alcoa rallying and revival in M&A

Date: Thu, 10 Jul 2008 17:04:35 -0400
Stocks end higher, with Alcoa rallying and revival in M&A

Stocks bounce higher after Federal Reserve chief Ben Bernanke and
Treasury Secretary Henry Paulson call for an overhaul of rules governing
U.S. financial markets, while investors mull the fate of Fannie Mae and
Freddie Mac, along with a large takeout bid in the chemical sector.

Futures Movers: Oil jumps to above $141 on geopolitical concerns

Benchmark crude futures move up more than 1%, playing off fresh
developments in oil-rich Nigeria and the Middle East.

Dow Chemical to buy Rohm & Haas for $15 billion

Dow Chemical agrees to buy Rohm & Haas for $15 billion, in what it
called a "decisive move" to increase the chemical giant's profit and
help end its cyclicality.

Telecom Report: AT&T makes big bet on new 3G iPhone

By slashing the price of the iPhone to $200, AT&T hopes to lure millions
of new customers to its wireless service, already one of the largest in
the nation.

Precipitous drop in gambling revenue guts casino stocks

Casino stocks are battered again, with shares of the big players
scraping to multiyear lows on the back of news of a precipitous drop in
Nevada's gambling revenue.