Wall St. struggles higher
Stocks were mixed Monday afternoon as investors welcomed news that the White House is taking steps to aid subprime mortgage holders, but held back after last week's rally and ahead of key economic news due later this week.

Fedex chief sees U.S. slowdown, but not steep decline
The chief executive of package delivery company FedEx Corp (FDX.N: Quote, Profile, Research) said on Sunday that although the U.S. economy has slowed down, he does not think it will go into a "precipitous decline."

Dollar falls on Fed speak, economic data
The dollar fell back against major currencies on Monday, after comments by a Federal Reserve official further cemented expectations that the central bank will cut interest rates next week.

Crude Oil closes to five-week low before OPEC meeting
Crude oil futures declined to their lowest in more than five weeks before an OPEC production meeting and amid signs of an economic slowdown in the U.S., the world's largest energy user.

Gold ends higher after last week's steep fall
Gold futures closed with gains on Monday, rebounding from their steep decline last week, as weakness in the dollar boosted demand for the precious metal.

Li-Ka Shing foundation buys Facebook stake
Online social network Facebook.com has closed a $60 million investment by Li Ka-shing through the billionaire Hong Kong tycoon's foundation, a source familiar with the deal confirmed on Monday.

Buffet to buy $2.1 billion in TXU junk bonds from Goldman
Warren Buffett's Berkshire Hathaway (BRKa.N: Quote, Profile, Research) is paying $2.1 billion to buy TXU junk bonds from Goldman Sachs (GS.N: Quote, Profile, Research), CNBC reported on Monday.

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This entry was posted by David Choi, on Wednesday, December 5, 2007. You can leave your response.