Stocks fall on rate worries
(Reuters) Reuters - U.S. stocks fell sharply on Monday
after yet another Federal Reserve official warned about
inflation, renewing worries about higher prices and the outlook
for interest rates.
Reuters - Nokia and Siemens have
agreed to combine the bulk of their telecom networks businesses
to create one of the biggest players in the industry, sending
shares in both firms higher.
Reuters - Switzerland's Nestle SA
said on Monday it was buying weight-loss company
Jenny Craig for around $600 million after a high profile diet
by actress Kirstie Alley helped boost the U.S. company's sales.
Home builder sentiment index falls in June: NAHB
(Reuters) Reuters - U.S. home-builder sentiment sank to
its lowest in more than 11 years in June as rising interest
rates made houses less affordable and sent speculators fleeing,
an industry group said on Monday.
