U.S. stocks hold mild gains after B. of A. exceeds estimates

Date: Mon, 21 Jul 2008 12:03:21 -0400
U.S. stocks hold mild gains after B. of A. exceeds estimates

U.S. stocks hold modest gains after Bank of America Corp.'s earnings top
forecasts, giving a lift to financial shares, and Roche Holding AG
offers $43.7 billion for the piece of Genentech Inc. that it doesn't
already own.

Bank of America's quarterly net falls 41%, still tops target

Bank of America Corp., joining the ranks of other U.S. banking giants,
posts a lower second-quarter profit that nonethelesss tops analysts'
average estimate.

Yahoo strikes deal with Icahn, giving dissident a seat on board

Yahoo agrees to add dissident shareholder Carl Icahn to its board,
sidestepping an all-out battle for control of the Internet company.

Roche bids $43.7 billion for rest of Genentech

Swiss drug giant Roche Holding AG on Monday says it has offered to buy
the 44% of U.S. biotech giant Genentech Inc. it doesn't already own for
$43.7 billion.

Bond Report: Treasurys edge down after Bank of America's upbeat results

Treasurys decline, pushing yields higher for a third day, after Bank of
America reports better-than-expected earnings, easing the perceived
risks in the financial system.