U.S. stocks close lower as bank worries take hold

Date: Mon, 14 Jul 2008 17:04:26 -0400
U.S. stocks close lower as bank worries take hold

U.S. stocks decline and the financial sector is pummeled as uncertainty
reigns in the wake of the failure of IndyMac Bancorp and the government
rescue of mortgage-finance giants Fannie Mae and Freddie Mac.

Bank stocks plunge as investors mull next potential casualty

Bank stocks are under intense selling pressure as investors and analysts
worry that worsening housing and credit problems could claim more banks
after the failure of IndyMac Bancorp Inc.

Equity holders will be hit if Treasury invests in Fannie, Freddie

If the U.S. government has to buy stakes in Fannie Mae and Freddie Mac,
current equity holders may be wiped out, experts say.

Boeing steals limelight with Middle East orders

Boeing on Monday stole the limelight from arch-rival Airbus with two
major orders from Middle Eastern carriers, while the European aircraft
maker kept an unusually low profile.

Google exec says Yahoo deal won't expand its lead

A Google executive defends the company's proposed search advertising
partnership with Yahoo in prepared congressional testimony.