U.S. stock indexes rise as lawmakers mull $700 billion bailout

Date: Tue, 23 Sep 2008 12:03:03 -0400
U.S. stock indexes rise as lawmakers mull $700 billion bailout

Stocks edge higher with investors glued to Treasury Secretary Henry
Paulson's testimony on Capitol Hill as lawmakers haggle over the $700
billion bailout plan designed to clear banks of bad debt.

Retailers' holiday could shake out to be worst in six years: NRF

U.S. retailers, facing economic and financial market woes that have hurt
shoppers' confidence, may be bracing for their worst holiday season in
six years, according to trade group National Retail Federation.

Bristol-Myers lifts bid for ImClone, plans proxy fight for board

Bristol-Myers Squibb Co. said on Tuesday that it increased its offer for
ImClone Systems Inc. to $62 a share cash from $60 and will take the
offer directly to shareholders of the New York oncology-drug
specialist.

Capitol Report: Echoes of Iraq in Bush's handling of mortgage 'surge'

Fairly or not, some critics say they can't help but see similarities
between the Bush administration's hurried approach to the financial
market crisis and its headlong plunge into the Iraq war.

Commodities Corner: Oil's $16 gain makes history, but its true test is
yet to come

Crude-oil futures made history Monday with the biggest daily dollar gain
ever seen on the New York Mercantile Exchange, but the true test for oil
is yet to come.