Stocks sink as inflation worries persist
(Reuters) Reuters - Stocks dropped on Monday amid
persistent worries about rising interest rates and slower
economic growth after the latest warnings on inflation from
Federal Reserve officials.
Reuters - Federal Reserve Governor Susan Bies
said on Monday interest rates were now in the "range" of where
they needed to be, but she could not say for certain where Fed
rate hikes would stop.
Reuters - Online job site Monster Worldwide Inc.
and four other companies on Monday disclosed
investigations by U.S. authorities into executive stock options
grants, widening a scandal that now involves some 40 companies.
Lehman earnings jump but shares hit on worries
(Reuters) Reuters - Lehman Brothers Holdings Inc.
said on Monday its quarterly earnings jumped 47 percent on
gains in trading and investment banking, but its shares fell to
a six-month low on concern that brokerage earnings may have
peaked.
Reuters - Banco Bilbao Vizcaya Argentaria
, Spain's No. 2 bank, on Monday agreed to buy two
Texas banks, Texas Regional Bancshares Inc. and State
National Bancshares Inc. , for $2.64 billion to triple
its retail presence in the state and reach more Hispanic
customers.
