Late Rally Sees Stocks Close Higher
U.S. stocks ended the week with a rally, boosted by news of a possible bailout for Ambac Financial
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PowerRating). The Dow gained +96.72, the S&P 500 +10.58, and the Nasdaq Composite +3.57.
Navigant Consulting
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PowerRating) hit a multi-month high after reporting Q4 EPS news (read more).
Intuit
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PowerRating) fell to a multi-month low after the company reported lower Q2 profit, and cut Q3 and FY08 EPS forecasts (read more).
Rogers Communications reported a 44% surge in its profit for the fourth quarter (read more).
Cleveland-Cliffs
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PowerRating) reported a 34% increase in profit for the fourth quarter, buoyed by higher revenue and sales margin at the company’s North American Iron Ore segment (read more).
DTE Energy
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PowerRating) said fourth quarter earnings increased from last year, along with a rise in revenues (read more).
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