Fueled by central bank injections, U.S. stocks bounce back
Date: Thu, 18 Sep 2008 12:03:19 -0400
Fueled by central bank injections, U.S. stocks bounce back
U.S. stocks rally in early action, with the market playing off the move
by Federal Reserve and other central banks to pump billions into the
financial system in an attempt to ease the flow of credit.
Metals Stocks: Gold extends gains after $70 spike on Wednesday
The rally in gold extends into a second session as the turmoil in
financial markets led the Fed and five other central banks to take
further efforts to get money markets moving again.
As financials crater, Kraft Foods becomes latest Dow component
Kraft Foods Inc. on Sept. 22 will be added to the Dow Jones Industrial
Average, replacing troubled insurance giant American International
Group.
Morgan Stanley slips as it courts merger
Morgan Stanley shares suffer as the broker considers a merger, possibly
with Wachovia.
Buffett in deal to buy Constellation Energy Group at a discount
Warren Buffett says his MidAmerican Energy arm will buy Constellation
Energy for $4.7 billion.
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