2008-03-24 15:35:41
Stocks climb as JPMorgan raises Bear bid
NEW YORK (AP) - Wall Street extended its big advance Monday as investors
applauded a new agreement that will give Bear Stearns Cos. shareholders five
times the payout than was outlined in a JPMorgan Chase & Co. buyout deal a week
ago. Investors were also pleased by a stronger-than-expected housing report. The
Dow Jones industrial average jumped about 200 points.
2008-03-24 15:31:23
Stocks jump on revised Bear Stearns deal
NEW YORK (AP) - Wall Street extended its big advance Monday as investors
applauded a new agreement that will give Bear Stearns Cos. shareholders five
times the payout than was outlined in a JPMorgan Chase & Co. buyout deal a week
ago. Investors were also pleased by a stronger-than-expected housing report. The
Dow Jones industrial average jumped about 200 points.
2008-03-24 14:28:20
Stocks rise on revised Bear Stearns deal
NEW YORK (AP) - Wall Street extended its big advance Monday as investors
applauded a new agreement that will give Bear Stearns Cos. shareholders five
times the payout than was outlined in a JPMorgan Chase & Co. buyout deal a week
ago. Investors were also pleased by a stronger-than-expected housing report.
2008-03-24 14:15:04
Earnings roundup: Walgreen, Tiffany
Financial Desk:
Top stories:
CHAMPAIGN, Ill. (AP) -- Walgreen said Monday that its second-quarter profits
rose 5 percent as the drugstore chain continued to open new stores at a record
pace.
2008-03-24 14:12:45
Office Depot sends shareholder letter
FORT LAUDERDALE, Fla. (AP) - Office-supply retailer Office Depot Inc. on
Monday sent a letter to shareholders, asking them to vote against board nominees
put up by an activist shareholder group.
2008-03-24 14:10:18
Collective Brands upgraded to buy at Soleil Research
NEW YORK (Thomson Financial) - Collective Brands Inc. Monday was upgraded to
buy from hold at Soleil Securities, which said it sees a tough first half ahead
for the company, but that there are several potential catalysts that could
provide an upside surprise.
2008-03-24 14:01:34
Wal-Mart suspends worker over spray
VALLEY STREAM, N.Y. (AP) - An employee of a Wal-Mart store on Long Island
has been suspended after he and a co-worker discharged pepper spray that
sickened 16 customers.
2008-03-24 13:52:08
UK's ABI may support calls for Rose re-election to M&S board
LONDON (Thomson Financial) - The Association of British Insurers (ABI) is
considering supporting a call for Sir Stuart Rose, the chief executive of Marks
& Spencer, to face re-election to the board of the retailer as a means of
voicing concerns about his elevation to the position of executive chairman, The
Times reported.
2008-03-24 12:45:09
US stocks head for higher open
NEW YORK (AP) - Stocks headed toward a higher open Monday as investors grew
upbeat over a report that Bear Stearns Cos. could fetch more money than the
amount set in a buyout deal a week ago.
2008-03-24 12:43:10
Career Education names board members
HOFFMAN ESTATES, Ill. (AP) - Career Education Corp. on Monday named
KemperSports Inc. Chairman Steven H. Lesnik as non-executive chairman of its
board.
2008-03-24 12:34:57
EA CFO Warren Jenson leaving
NEW YORK (AP) - Warren Jenson, the chief financial officer of Electronic
Arts Inc. since 2002, is leaving the video game publisher.
2008-03-24 12:29:32
Career Education names non-executive chairman, elects two new directors
NEW YORK (Thomson Financial) - Career Education Corp. Monday said Steven
Lesnick was elected non-executive chairman.
2008-03-24 12:28:37
Career Education names non-executive chairman, two new directors elected
NEW YORK (Thomson Financial) - Career Education Corp. Monday said Steven
Lesnick was elected non-executive chairman.
2008-03-24 12:17:29
Electronic Arts chief financial officer Warren Jenson to leave company
BOSTON (Thomson Financial) - Electronic Arts Inc. said Monday Chief
Financial Officer Warren Jenson will be leaving the company.
2008-03-24 11:58:35
Gap Inc. downgraded to neutral from buy at UBS
NEW YORK (Thomson Financial) - Gap Inc. Monday was downgraded to neutral
from buy at UBS Investment Research which said the shares are more appropriately
reflecting upside potential as investor expectations for the stock rise, and
that the stock is fairly valued at these levels.
2008-03-24 11:23:57
Loan charges hurt Tiffany 4Q results
NEW YORK (AP) - Tiffany says loans made to a diamond company hurt its
fourth-quarter earnings, but adjusted results beat analyst expectations.
2008-03-24 10:55:51
TF North America Daybook - Monday, March 24, 2008
SAN FRANCISCO (Thomson Financial) - TF North America Daybook - Monday, March
24, 2008
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