U.S. stocks slightly higher as oil's rise limited

Date: Wed, 09 Jul 2008 12:03:21 -0400
U.S. stocks slightly higher as oil's rise limited

U.S. stocks wobble higher, with the Dow industrials trying to extend the
blue-chip index's largest jump in nearly a month as a mild rise in oil
prices offsets cheer over Alcoa Inc.'s better-than-forecast results.

Futures Movers: Oil regains some ground as Iran test-fires missile

Crude-oil futures bounce back from their biggest drop in nearly four
months, playing off reports that Iran test-fired a long-range missile as
well as a wider-than-expected drop in U.S. crude inventories.

Alcoa shares rise as analysts laud quarterly report

Alcoa trade as much as 5% higher, playing off the aluminum giant's
mostly upbeat second-quarter financial results.

Yahoo CEO Yang accuses Microsoft of 'destabilizing' move

Yahoo CEO Jerry Yang accuses Microsoft Corp. of trying to destabilize
the Internet portal by giving a voice to support a proxy battle by
billionaire investor activist Carl Icahn.

Merrill could get as much as $5 bln for Bloomberg stake: report

BOSTON
A blind trust of New York City Mayor Michael Bloomberg is willing to pay
between $4.5 billion and $5 billion for the 20% of Bloomberg L.P. that
Merrill Lynch & Co. holds, according to a published report Wednesday.