U.S. stocks end sharply lower as Lehman feeds anxiety

Date: Tue, 09 Sep 2008 17:03:57 -0400
U.S. stocks end sharply lower as Lehman feeds anxiety

Losses deepen for U.S. stocks at midday, with equities failing to extend
the prior session's sharp gains tied to the federal rescue of mortgage
giants Fannie Mae and Freddie Mac.

Lehman tumbles on fears about raising capital, shedding assets

Lehman shares lose nearly half of their value Tuesday on concern about
the brokerage firm's plans to raise capital and sell assets.

Futures Movers: Oil closes 3% lower as storm concerns wane, OPEC talk
calms

Crude-oil futures fall nearly 3% to close at their lowest level since
April.

Apple takes wraps off refreshed iPod line

Apple takes the wraps off its latest versions of iPod portable music and
video players, cutting the prices on its iPod touch and launching a
redesigned iPod nano ahead of the holiday-shopping season.

The Ratings Game: Analysts divided on home-builder stocks after GSE
bombshell

Even though the government takeover of Fannie Mae and Freddie Mac is
seen easing mortgage rates and making homes more affordable in the short
term, there is still little consensus on Wall Street over whether
housing stocks have bottomed.