Senate - capping months of Capitol Hill debate - passes landmark bill to help homeowners and boost mortgage giants Fannie, Freddie.

Date: Sat, 26 Jul 2008 11:24:03 -0400

Senate - capping months of Capitol Hill debate - passes landmark bill to
help homeowners and boost mortgage giants Fannie, Freddie.

Markets Friday, 07/25/2008

Friday, 7/25/2008

| Dow : 11370.69 up 21.41

| S & P : 1257.76 up 5.22

| NASDAQ: 2310.53 up 30.42

| Bond (10Y): 4.09%, 98.19

MARKETS:
Stocks manage gains in uneven trading
Markets end up in positive territory even as early enthusiasm on oil and
the economy is tempered by dour news from the financial sector.

Crude prices settle $2.23 lower to $123.26 a barrel, falling by more than $5 this week.

Date: Fri, 25 Jul 2008 14:51:03 -0400

Crude prices settle $2.23 lower to $123.26 a barrel, falling by more
than $5 this week.

Stocks edge higher as lower oil prices and solid economic reports face down dour Fannie and Freddie news.

Date: Fri, 25 Jul 2008 16:03:03 -0400

Stocks edge higher as lower oil prices and solid economic reports face
down dour Fannie and Freddie news.

Washington Mutual shares fall again on liquidity concerns

Date: Fri, 25 Jul 2008 12:03:12 -0400
Washington Mutual shares fall again on liquidity concerns

Shares of Washington Mutual slide for the third-straight session as
investors continue to raise questions about the thrift's liquidity
position.

Market Snapshot: U.S. stocks climb after economic data better than
forecast

U.S. stocks Rebound as investor concerns about the economy eased after
the government's durable-goods report for June showed an unexpected rise
in demand for big-ticket items.

Economic Report: Consumer sentiment up in July: Univ. of Michigan

U.S. consumer sentiment picks up in July, though it remains at a
relatively low level..

MarketWatch First Take: Having conquered its own demons, J.P. Morgan
sells its expertise

J.P. Morgan Chase & Co., which has its own experience in cleaning up
damage from the credit crisis, may now be peddling its expertise
overseas.

Candidates' energy policies akin to putting man on the moon

The energy goals of likely presidential nominees John McCain and Barack
Obama are ambitious by any stretch of the imagination, scholars and
experts say.

Stocks open higher after a much stronger-than-expected report on durable goods orders soothes investors' economic jitters.

Date: Fri, 25 Jul 2008 09:32:09 -0400

Stocks open higher after a much stronger-than-expected report on durable
goods orders soothes investors' economic jitters.

Stocks move broadly higher as consumer-sentiment data for July improve

Date: Fri, 25 Jul 2008 10:06:59 -0400

Stocks move broadly higher as consumer-sentiment data for July improve
7/25/2008 10:03:49 AM

Markets Thursday, 07/24/2008

Thursday, 7/24/2008

| Dow : 11349.28 down 283.10

| S & P : 1252.54 down 29.65

| NASDAQ: 2280.11 down 45.77

| Bond (10Y): 4.00%, 98.53

MARKETS:
Housing, jobs send stocks skidding
Dow plummets more than 280 points, halting a Wall Street rebound, as
housing and unemployment worries sink stocks.

U.S. stocks sink; financial and home-builder shares battered

Date: Thu, 24 Jul 2008 17:04:41 -0400
U.S. stocks sink; financial and home-builder shares battered

U.S. stocks tumble sharply after two days of gains as data paint a
pessimistic portrait of the housing sector and employment, with the
embattled financial sector paving the way down.

As Microsoft online chief resigns, Ballmer touts unit's outlook

Steve Ballmer briefs Wall Street analysts about the health of the
company's Internet unit after the head of that unit resigns to become
CEO of Juniper Networks.

Auto insurers benefit as high gas prices make people drive less

Auto insurance, dominated by companies including Allstate and
Progressive, may be one of the few financial-services sectors to benefit
from surging gas prices, as drivers leave their cars parked.

Economic Report: Existing-home sales fall 2.6% to 10-year low

Resales of U.S. single-family homes and condos fall 2.6% in June to a
seasonally adjusted annual rate of 4.86 million, the lowest level in 10
years, the National Association of Realtors reports.

Ford swings to $8.7 billion loss as SUVs pile up

Ford Motor Co. reports a second-quarter loss of $8.7 billion, as the
automaker's SUVs and trucks, so crucial to the bottom line, pile up in
dealerships as consumers turn to smaller, more fuel-efficient cars.

UBS stock drops after New York sues over auction-rate securities

Date: Thu, 24 Jul 2008 12:06:17 -0400

UBS stock drops after New York sues over auction-rate securities
7/24/2008 12:00:30 PM

U.S. stocks slide further on downbeat home-sales data, earnings

Date: Thu, 24 Jul 2008 12:05:02 -0400
U.S. stocks slide further on downbeat home-sales data, earnings

U.S. stocks move lower for the first time in three days after data paint
a pessimistic portrait of the housing sector and automakers Ford Motor
Co. and Daimler AG offer downbeat reports.

Economic Report: Existing-home sales fall 2.6% to 10-year low

Resales of U.S. single-family homes and condos fall 2.6% in June to a
seasonally adjusted annual rate of 4.86 million, the lowest level in 10
years, the National Association of Realtors reports.

Credit Suisse easily beats forecasts; quarterly profit off 62%

Credit Suisse posts a 62% drop in net profit for the second quarter, but
the results far exceed market expectations thanks to a strong flow of
funds into its wealth-management business as well as negligible new
write-downs.

Ford swings to $8.7 billion loss as SUVs pile up

Ford Motor Co. reports a second-quarter loss of $8.7 billion, as the
automaker's SUVs and trucks, so crucial to the bottom line, pile up in
dealerships as consumers turn to smaller, more fuel-efficient cars.

Qualcomm, Nokia climb after ending patent fight

Shares of both Qualcomm and Nokia rose on Thursday after the two
companies put to rest a long-running dispute over patents covering
wireless technologies.

Ford reports $8.7 billion loss and announces plans to bring 6 European car models to North America by 2012.

Date: Thu, 24 Jul 2008 07:10:14 -0400

Ford reports $8.7 billion loss and announces plans to bring 6 European
car models to North America by 2012.

U.S. initial jobless claims jump past 400,000 mark in latest week

Date: Thu, 24 Jul 2008 08:34:51 -0400

U.S. initial jobless claims jump past 400,000 mark in latest week
7/24/2008 8:31:55 AM

Dow's down triple digits in early action; existing-home sales at 10-year low

Date: Thu, 24 Jul 2008 10:20:54 -0400

Dow's down triple digits in early action; existing-home sales at 10-year
low
7/24/2008 10:18:01 AM

Percentage of vacant homes available for sale and of Americans owning homes remained flat in 2nd quarter, Census reports.

Date: Thu, 24 Jul 2008 10:10:12 -0400

Percentage of vacant homes available for sale and of Americans owning
homes remained flat in 2nd quarter, Census reports.

Realtors report that existing home sales fell 2.6% to a lower-than-expected 4.86 million annual rate in June, according to Dow Jones.

Date: Thu, 24 Jul 2008 10:03:03 -0400

Realtors report that existing home sales fell 2.6% to a
lower-than-expected 4.86 million annual rate in June, according to Dow
Jones.

Stocks open mixed as investors digest Ford's $8.7 billion loss and a surge in unemployment claims ahead of a key housing report.

Date: Thu, 24 Jul 2008 09:32:08 -0400

Stocks open mixed as investors digest Ford's $8.7 billion loss and a
surge in unemployment claims ahead of a key housing report.

Amazon shares surge in late trading after quarterly earnings more than double

Date: Wed, 23 Jul 2008 16:18:36 -0400

Amazon shares surge in late trading after quarterly earnings more than
double
7/23/2008 4:15:28 PM

House passes aid for Fannie, Freddie; bill awaits Senate action

Date: Wed, 23 Jul 2008 17:19:10 -0400
House passes aid for Fannie, Freddie; bill awaits Senate action
7/23/2008 5:16:17 PM

Markets Wednesday, 07/23/2008

Wednesday, 7/23/2008

| Dow : 11632.38 up 29.88

| S & P : 1282.19 up 5.19

| NASDAQ: 2325.88 up 21.92

| Bond (10Y): 4.11%, 98.03

MARKETS:
Stocks end higher on sliding oil prices
Sinking crude futures and mounting expectations that the House will pass
a mortgage relief bill encourage Wall Street, but a slew of mixed
quarterly financial reports drag on gains.

U.S. stocks end modestly ahead as crude declines further

Date: Wed, 23 Jul 2008 17:04:40 -0400
U.S. stocks end modestly ahead as crude declines further

NEW YORK
U.S. stocks on Wednesday ended modestly higher for a second consecutive
day of gains as crude deepened its decline and as lawmakers drew closer
to approving a plan to help troubled mortgage companies Fannie Mae and
Freddie Mac.

The Ratings Game: Have Wachovia shares seen a bottom? Two analysts think
so

Two well-known banking analysts say Wachovia's stock has seen the worst,
raising their respective price targets in the belief that the company
can shore up its performance after having lost nearly $9 billion during
the second quarter.

Economic Report: Prices rising even as economy slows, Beige Book finds

The central bank's latest report on the U.S. economy finds that price
pressures are intensifying even as growth has slowed over the past
month.

Stocks open higher as sliding oil prices offset a mixed bag of corporate financial results.

Date: Wed, 23 Jul 2008 09:31:03 -0400

Stocks open higher as sliding oil prices offset a mixed bag of corporate
financial results.

Markets Tuesday, 07/22/2008

Tuesday, 7/22/2008

| Dow : 11602.50 up 135.16

| S & P : 1277.00 up 17.00

| NASDAQ: 2303.96 up 24.43

| Bond (10Y): 4.10%, 98.22

MARKETS:
Stocks stage late-day rally
Sinking oil prices help Wall Street erase earlier losses and end the day
higher.

WaMu shares shake off losses following report of Q2 loss

Date: Tue, 22 Jul 2008 17:04:35 -0400
WaMu shares shake off losses following report of Q2 loss

Shares of Washington Mutual Inc. move higher in volatile trading action
Tuesday evening after the company posts a more than $3 billion loss for
the second quarter.

U.S. stocks close solidly higher as financials rally

U.S. stocks tilt in mixed trade as crude comes off its lows and Wachovia
Corp. fronts a turnaround among embattled financial shares after the
large regional bank says it would not sell stock to raise capital.

Apple shares hit on weak forecast despite strong earnings

Apple Inc. shares cut their losses Tuesday, but still close in the red
after the consumer electronics maker issued a fourth-quarter profit
forecast that was weaker than Wall Street's expectations, taking the
shine off a 31% jump in its third-quarter earnings.

AmEx falls as economy chokes growth

Shares of credit-card giant American Express shed as much as 12%, in
reaction to second-quarter results underscoring the fragile state of the
U.S. economy.

U.S. plan for GSEs has $25 billion price tag: CBO

A proposed plan by the Bush administration to backstop struggling
mortgage-finance companies Fannie Mae and Freddie Mac will cost $25
billion over fiscal years 2009 and 2010, the Congressional Budget Office
estimates.

U.S. stocks turn mostly up on oil's drop, mixed earnings

Date: Tue, 22 Jul 2008 12:03:31 -0400
U.S. stocks turn mostly up on oil's drop, mixed earnings

U.S. stocks scale back early losses Tuesday as the price of crude dips
more than $4 a barrel, countering earnings results and guidance from
American Express Co., Apple Inc. and Wachovia Corp. that intensified
worries about the economy.

Apple shares hit on weak forecast despite strong earnings

Apple Inc. shares tumble more than 8% after the consumer electronics
maker issues a weak fourth-quarter profit forecast, taking the shine off
a 31% jump in third-quarter earnings.

Wachovia swings to loss on writedown, cuts div

Wachovia Corp. took $6.1 billion of write-downs for bad investments
related to the mortgage and credit crises, and increased its write-off
and loan loss provisions, swinging the company to a loss for the second
quarter and prompting its second dividend cut this year.

AmEx falls as economy chokes growth

Shares of credit-card giant American Express shed as much as 12%, in
reaction to second-quarter results underscoring the fragile state of the
U.S. economy.

U.S. plan for GSEs has $25 billion price tag: CBO

A proposed plan by the Bush administration to backstop struggling
mortgage-finance companies Fannie Mae and Freddie Mac will cost $25
billion over fiscal years 2009 and 2010, the Congressional Budget Office
estimates.

Oil prices sink $3.09 to settle at $127.95/barrel on expiring futures contract, as storm fears ease and economy concerns grow.

Date: Tue, 22 Jul 2008 15:01:22 -0400

Oil prices sink $3.09 to settle at $127.95/barrel on expiring futures
contract, as storm fears ease and economy concerns grow.

Apple shares fall 4% in evening trading after weak forecast

Date: Mon, 21 Jul 2008 16:41:58 -0400

Apple shares fall 4% in evening trading after weak forecast
7/21/2008 4:39:09 PM

Apple reports quarterly earnings of $1.19 a share and revenue of $7.5 billion beating projections. Outlook hits stock after hours.

Date: Mon, 21 Jul 2008 16:35:11 -0400

Apple reports quarterly earnings of $1.19 a share and revenue of $7.5
billion beating projections. Outlook hits stock after hours.

Markets Monday, 07/21/2008

Monday, 7/21/2008

| Dow : 11467.34 down 29.23

| S & P : 1260.00 down 0.68

| NASDAQ: 2279.53 down 3.25

| Bond (10Y): 4.03%, 98.69

MARKETS:
Stocks retreat slightly
Wall Street wobbles as investors watch oil bounce, fret about
developments in tech and drugs.

U.S. stocks retreat with earnings reports ahead

Date: Mon, 21 Jul 2008 17:04:45 -0400
U.S. stocks retreat with earnings reports ahead

U.S. stocks surrender earlier gains as oil prices rise and investors
turn cautious about the earnings outlook after two pharmaceutical giants
postpone reporting their quarterly results.

Rex Nutting: Obama should take on the banks

The disastrous financial deregulation of the past 30 years has left the
American Dream in tatters, but you'd hardly know it from the
presidential campaign so far in 2008. Sen. Barrack Obama has talked
occassionally about reining in the banks with some commonsense
regulations, but he hasn't made it a centerpiece of his campaign. He
should.

B. of A.'s Countrywide deal gets boost from purchase accounting

Bank of America says that its purchase of mortgage giant Countrywide
Financial will add to earnings this year, earlier than previously
expected.

Most of 19 short-protected stocks rise, for now

While most of the shares of the 19 financial institutions protected from
illegal short sales by the Securities and Exchange Commission continued
last week's advance, concerns about the rest of the financial sector
still weigh on the market.

Roche bids $43.7 billion for rest of Genentech

Swiss drug giant Roche Holding AG says it has offered to buy the 44% of
biotech bellwether Genentech it doesn't already own for $43.7 billion.

Bank of America's second-quarter profit tumbles 41% to $3.41 billion, but earnings top analysts' estimates.

Date: Mon, 21 Jul 2008 07:06:04 -0400

Bank of America's second-quarter profit tumbles 41% to $3.41 billion,
but earnings top analysts' estimates.

U.S. stocks hold mild gains after B. of A. exceeds estimates

Date: Mon, 21 Jul 2008 12:03:21 -0400
U.S. stocks hold mild gains after B. of A. exceeds estimates

U.S. stocks hold modest gains after Bank of America Corp.'s earnings top
forecasts, giving a lift to financial shares, and Roche Holding AG
offers $43.7 billion for the piece of Genentech Inc. that it doesn't
already own.

Bank of America's quarterly net falls 41%, still tops target

Bank of America Corp., joining the ranks of other U.S. banking giants,
posts a lower second-quarter profit that nonethelesss tops analysts'
average estimate.

Yahoo strikes deal with Icahn, giving dissident a seat on board

Yahoo agrees to add dissident shareholder Carl Icahn to its board,
sidestepping an all-out battle for control of the Internet company.

Roche bids $43.7 billion for rest of Genentech

Swiss drug giant Roche Holding AG on Monday says it has offered to buy
the 44% of U.S. biotech giant Genentech Inc. it doesn't already own for
$43.7 billion.

Bond Report: Treasurys edge down after Bank of America's upbeat results

Treasurys decline, pushing yields higher for a third day, after Bank of
America reports better-than-expected earnings, easing the perceived
risks in the financial system.

U.S. economy bumps along as leading indicators come in slightly lower for June

Date: Mon, 21 Jul 2008 10:06:45 -0400

U.S. economy bumps along as leading indicators come in slightly lower
for June
7/21/2008 10:03:28 AM