Dow Gains Triple Digits, Leads Stocks Higher
Stocks closed higher on Thursday, as weekly jobless claims rose
less than expected and some positive stock news helped to raise
investor sentiment.
Countrywide Financial
(
CFC |
Quote |
Chart |
News |
PowerRating) secured an additional
$12 billion in in financing from new and existing credit lines, a
sign that the worst may have passed for the troubled mortgage
company.
McDonald’s
(
MCD |
Quote |
Chart |
News |
PowerRating) increased its annual dividend by
50% and announced plans to return $15 – $17 billion cash to
stockholders (full
story).
First Horizon National
(
FHN |
Quote |
Chart |
News |
PowerRating) is cutting 1,500
mortgage jobs and going to reduce its real estate exposure (full
story).
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