U.S. stocks pull mildly higher in light volume

Date: Mon, 03 Nov 2008 12:01:25 -0500
U.S. stocks pull mildly higher in light volume

U.S. stocks climb after vacillating in early trading as investors
digest data showing a decline in U.S. manufacturing activity during
October.

ECONOMIC REPORT: FACTORY OUTPUT WEAKEST IN 26 YEARS, ISM SURVEY SAYS

The nation's manufacturing firms reported the worst level of output in
26 years, further evidence that the economy is headed for a sharp
downturn, according to a closely followed survey of top executives.

TOP EUROPE BANKS OUTLINE WOES THAT LED TO FUNDING REQUESTS

Several top European banks on Monday detailed the strains from the
credit crisis, with Britain's Lloyds TSB and HBOS, France's Societe
Generale and Germany's Commerzbank each outlining the woes that led
them to take government cash.

CITI SAY CREDIT CARD LOSSES MAY HIT RECORD LEVELS IN 2009

Citigroup says it lost $1.4 billion in the third quarter from credit card
securitizations and that it expects such losses will continue, possibly
reaching record levels in 2009.

TALKS BETWEEN CHRYSLER AND RENAULT-NISSAN HALTED, REPORT SAYS

Talks between the Renault-Nissan alliance and Chrysler LLC owner
Cerberus Capital Management LP have halted, said the Detroit News
Saturday.