NEW YORK - Stocks rebounded Friday from a sell-off a day earlier as a sharp drop in oil prices eased worries over a quarterly loss from mortgage finance company Fannie Mae that was more than triple what Wall Street expected. The Dow Jones industrials rose about 175 points.
LONDON (AFP) - London's FTSE 100 index of top companies stood at 5,5470.90 points, a loss of 0.12 percent, weighed down by losses to heavyweight mining shares.
SHANGHAI (AFP) - Chinese share prices plummeted 4.47 percent on Friday as investors dumped Olympics-related stocks just hours before the opening of the Beijing Games, dealers said.
Reuters - Thu Aug 7, 5:55 PM ET
NEW YORK (Reuters) - Bank of America Corp , the largest U.S. retail bank, said on Thursday it received subpoenas and requests for information relating to auction-rate securities from federal and state government agencies.
WASHINGTON (AFP) - Troubled US banking giant Citigroup has agreed to buy back 7.5 billion dollars' worth of tainted securities it marketed to tens of thousands of investors, US regulators announced Thursday.
NEW YORK (AFP) - US stocks closed higher Wednesday as oil prices fell again, offering inflation relief, and Cisco's bright outlook lifted sentiments.
