Newspaper wrap-up: Bad news for banks, but it could have been worse
Posted Apr 17th 2008 9:15AM by Laurie Pasternack
Filed under: Newspapers, Magazines, Google (GOOG), Yahoo! (YHOO), AT and T (T), JPMorgan Chase (JPM), Wells Fargo (WFC)
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MAJOR PAPERS:
- While bank stocks aren't exactly hot, they triggered yesterday's rally because when J.P. Morgan Chase & Co (NYSE: JPM) and Wells Fargo & Company (NYSE: WFC) reported, there were no unexpected surprises, according to the Wall Street Journal's "Heard on the Street". The ups and downs in the sector are expected to continue.
- According to people familiar with the matter, the Wall Street Journal reported that Yahoo! Inc (NASDAQ: YHOO) may be moving closer to outsourcing its search advertising to Google Inc (NASDAQ: GOOG) after an initial test yielded what they considered to be positive results.
OTHER PAPERS:
- The New York Times reported that AT&T Inc (NYSE: T) is planning today to make an announcement that they will gift $100M to improve the skills of the nation's work force and fight the problem of high school dropouts.
WEB SITES:
- Celgene Corporation (NASDAQ: CELG) is best known for its blockbuster drug Revlimid which is used treat multiple myeloma, a cancer which attacks blood and bones. For patients, it can prolong their lives about 2.9 years, or longer, according to Investor's Business Daily's "The New America".
Tags: ATT, Celg, Celgene, GOOG, google, jp morgan, jp morgan chase, jp morgan chase earn..., JPM, JpMorgan, JpMorganChase, JpMorganChaseEarn..., T, Wells Fargo, wells fargo bank, wells fargo wfc, WellsFargo, WellsFargoBank, WellsFargoWfc, WFC, yahoo, YHOO
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