U.S. stocks surge on Fannie, Freddie bail-out

Date: Mon, 08 Sep 2008 12:03:08 -0400
U.S. stocks surge on Fannie, Freddie bail-out

U.S. stocks surge out of the starting gate, rallying after the
government's weekend seizure of mortgage giants Fannie Mae and Freddie
Mac.

Fannie, Freddie shares plunge, but bailout sparks rally

The government's takeover of Fannie Mae and Freddie Mac was necessary,
but it was "not something I wanted to do," Treasury chief Henry Paulson
says.

Financial Stocks: Financial stocks surge after Treasury steps in

Shares of U.S. financial stocks rally strongly, leading the broader
equities market higher, in reaction to the government's weekend move to
take control of mortgage giants Fannie Mae and Freddie Mac.

Lehman mulling plan to split in two: report

Lehman Brothers is reportedly considering a plan to rid itself of debt
tied to bad commercial mortgages by splitting itself into two
separately-listed companies.

LSE trading was halted for nearly seven hours

Connectivity problems with brokers led the London Stock Exchange to halt
trading for much of the day Monday, while rival exchanges benefited from
heavy trading volumes in the financial sector.