U.S. stocks solidly higher as oil drops, Fed talk calms worries

Date: Tue, 08 Jul 2008 17:04:44 -0400
U.S. stocks solidly higher as oil drops, Fed talk calms worries

U.S. stocks close with strong gains as crude's biggest price dive in
nearly four months brightens the outlook for transportation firms and
retailers, and the Fed offers a line to the battered financial sector.

The Fed: Bernanke seeks new regulatory powers for Fed

Federal Reserve Chairman Ben Bernanke says the Fed should have
additional powers to prevent and limit financial market turmoil.

Futures Movers: Crude falls $5.33, the most in nearly four months

Crude-oil futures tumble more than $6, poised for their biggest loss in
nearly four months, as the rising dollar and economic worries spur
investors to sell commodities.

VMware shares fall more than 24% on surprise departure of CEO

SAN FRANCISCO
VMware Inc. shares lost almost a quarter of their value Tuesday after
the virtualization technology company stunned investors by replacing CEO
and co-founder Diane Greene, following a tumultuous year for one of the
tech-sector's hottest public offerings of 2007.

FundWatch: John Templeton, pioneer investor, dies at 95

John Templeton, the legendary mutual-fund manager who was a pioneer of
international investing and later committed much of his fortune to
scientific causes, has died at 95.