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Tuesday, April 8th, 2008
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Yahoo Finance Top Stories- Stocks advance moderately after sell-off (AP)Wall Street moved cautiously higher Friday, with investors taking a breather from the heavy selling of recent days. Energy, utility and technology stocks showed some advances, but bank stocks declined sharply.
- Citigroup's options dwindle as shares under $4 (AP)Citigroup's options are dwindling along with its stock price as the credit landscape deteriorates and fears escalate about future loan losses at the company.
- Wal-Mart names Duke to succeed Scott as CEO (AP)Wal-Mart Stores Inc., the world's largest retailer, unexpectedly announced Friday that its chief executive will retire in February and be replaced by the head of its international division.
- US gas prices dip below $2 as oil prices waver (AP)The national average price for gasoline tumbled below $2 a gallon Friday, its lowest point in more than three years, yet the global economic contrast between then and now could not be more stark.
- GM to extend holiday shutdown, will cut production (AP)General Motors Corp. will extend its holiday shutdown or make other production cuts at five factories at as it deals with a continued U.S. auto sales slump and fights to stay solvent.
- Stocks advance moderately after sell-off (AP)