U.S. stocks turn mixed; Nasdaq dips into the red

Date: Tue, 14 Oct 2008 12:02:24 -0400
U.S. stocks turn mixed; Nasdaq dips into the red

U.S. stocks rock higher at the open but then turn mixed as Nsasdaq slips
into negative territory, as investors reconsider the wisdom of bidding
shares higher in the wake of Monday's stunning gains.

U.S. to give $250 billion to banks and take ownership stakes

Treasury Secretary Henry Paulson announces an extraordinary investment
by the federal government in the American banking system on Tuesday,
laying out an unprecedented plan to give $250 billion to banks to repair
the faltering financial system and get lending started again. .

Libor rates show money-market tensions easing

Short-term lending rates are easing, offering more evidence that massive
government bailouts and wide-ranging debt and deposit guarantees have
started to thaw frozen credit markets.

Exchange rate, consumer-product sales boost Johnson & Johnson

Johnson & Johnson reports higher third-quarter earnings, boosted in part
by a favorable foreign-exchange rate and solid sales growth for its
consumer products. See

Asia Markets: Nikkei bounces back to end up a record 14.2%

Japanese stocks jump Tuesday, with the benchmark Nikkei 225 Average
ending 14.2% higher, the biggest single-day advance on record, as
financials and exporters soar after U.S. indexes post a double-digit
surge overnight.