Stocks higher on upbeat reports

July 25 06:05:01 AM, Chicago Tribune

NEW YORK (AP) _ Upbeat economic data lifted stocks Friday, placating a market pummeled a day earlier by concerns about housing and the financial sector.

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Fed moves to broker deal for Wachovia: sources
Reuters - The U.S. Federal Reserve is brokering discussions between Wells Fargo & Co and Citigroup Inc over which of the banks will buy Wachovia Corp's assets, people familiar with the matter said on Sunday.
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Regulator takes heat over IndyMac Bank failure
Critics say Darrel Dochow of the Office of Thrift Supervision and others ignored warning signs. He also had an oversight role in the 1980s savings and loan crisis. …
U.S., state judges clash over Wells Fargo takeover of Wachovia
A New York judge's order that the deal be put on hold is temporarily blocked. A hearing on the dispute pitting Wells against Wachovia suitor Citigroup will be held Tuesday in federal court. …
DreamWorks and Paramount finalize breakup
The deal, which ends a short and bitter relationship, gives the two studios joint custody of about 40 projects. Spielberg will form an independent studio backed by an Indian conglomerate. …
Wachovia presses ahead with Wells Fargo deal
NEW YORK (AP) _ The battle for control of troubled bank Wachovia tilted toward Wells Fargo Sunday as a state appeals court blocked a lower court ruling that had favored rival bidder Citigroup.
Ex-CEO of S&L bought by Wachovia defends record
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Sting in the tail on US bailout day
AFP - US stock markets fell sharply Friday after the Congress passed a huge financial rescue plan, as optimism built up earlier in the day evaporated in late trading.
Sunday-night outsourcing on CW
For the CW network's first two seasons, its Sunday-night lineup was a rumor, one in which the young women it targeted weeknights had no interest.
Cashing in IRA early could draw financial penalty
Q I am 56 and retired from AT&T. At retirement, the [rollover] IRA balance was $300,000, but it recently dropped to $275,000 and is now back to $295,000. My financial guy said he could sell all and leave…
Germany agrees bank rescue and guarantees savings
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Wachovia pursues Wells Fargo deal, Citi intervenes
Reuters - Wachovia Corp said on Sunday that it will pursue a deal to sell itself to banking rival Wells Fargo & Co. despite an attempt by Citigroup Inc to block the deal.
Judge blocks Wells Fargo takeover of Wachovia
Citigroup will be allowed to argue the case for its offer in New York state court this week. A judge has temporarily…
German govt, banks agree on Hypo Real Estate rescue
Reuters - The German government and banks on Sunday agreed a new rescue package for Hypo Real Estate that addresses additional liquidity needs that surfaced at the troubled German lender in recent days,…
$10.1-trillion national debt? Let's cut taxes!
Even when trying to save the economy, Congress can't resist its pork addiction. Even before the current financial…
Financial meltdown threatens Chicago's largest companies
Bailout plan offers companies chance to salvage value Wall Street's financial maelstrom is threatening some…
How I Made It: Peter Y. Levin
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Take steps to minimize pain if you must make changes
You've been given a breather-an opportunity to relax about the stock market and take action with investments if you feel you must.
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Northern sued by college over loss
U. of Washington out millions on 'safe' investment For 20 years, Chicago-based Northern Trust Corp. held the…
BNP Paribas to buy 75 pct of Fortis Bank Belgium: PM
Reuters - France's BNP Paribas will buy 75 percent of the Belgian banking arm of the troubled Fortis group as part of a deal in which Belgium will receive new shares in BNP Paribas, Belgian Prime Minister…