| Second Fed move in three weeks chases away
fear — for now 
Economic contagion aside, the U.S. economy
is relatively healthy. Emerging markets overseas are ailing, but monetary policy stateside
can probably only have a temporary effect at best. So why is the Federal Reserve cutting
interest rates?
Courtesy: MSNBC.COM |
Major Indexes
Dow surpasses 8400 in rate-cut rally
The Dow Jones Industrial Average vaulted above the
8400 mark on Friday as news of the Federal Reserve’s surprise interest-rate cut
boosted demand for stocks world-wide. Treasurys idled and the dollar traded mixed.
Courtesy: MSNBC.COM
|
Intel
buys into Micron 
Confirming weeks of speculation, Intel Corp. agreed
Friday to buy a $500 million stake in memory-chip maker Micron Technology Inc.
Under the agreement, Intel will acquire stock rights that can be exchanged for up to 6
percent of Micron's outstanding
common stock.
Courtesy: CNNFN.COM |
Ideas,
Internet, Inktomi 
Inktomi provides a complex technology that serves
as the architecture for Internet search engines. And in spite of a three month sell-off in
the overall market, particularly in the technology sector, investors have been scooping up
shares of this red hot company.
Courtesy: CNNFN.COM |
