U.S. stocks bounce back as oil falls, consumer confidence rises

Date: Tue, 29 Jul 2008 12:03:11 -0400
U.S. stocks bounce back as oil falls, consumer confidence rises

U.S. stocks step solidly higher, rebounding from the prior session's
sharp drop, as consumer confidence rises and crude prices decline.

Economic Report: U.S. consumer confidence ticks up in July

Job concerns persist in July, the Conference Board reports, as U.S.
consumer confidence hangs at relatively low levels despite a tick up.

Economic Report: U.S. home prices down 15.8% in year through May, S&P
says

Home prices in 20 major U.S. cities have fallen a record 15.8% in the
past year, as prices as tracked by the Case-Shiller index drop across
the board, Standard & Poor's reports.

The Ratings Game: Analyst sees $8 bln Citi charge after Merrill sells
CDOs at loss

Merrill Lynch may have opened the floodgates for the next round of
credit write-downs, and one prominent analyst foresees additional
charges of about $8 billion on Citigroup's collateralized debt
obligations.

British Airways, Spain's Iberia enter into merger talks

British Airways and Spain's Iberia on Tuesday enter merger talks as the
airlines seek to slash costs to combat surging oil costs and placate
cash-strapped customers.