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WCOM News

Bulls on the Comeback Trail

Traders overlook Pfizer woes and focus on M&A activity and the desire to push ahead into the new year.

Ebbers' Lawyer Slams Sullivan

Reid Weingarten says the U.S. case depends on 'highly impeachable' sources.

Stimulating Day for Stocks

The Dow jumps 2%, while the Nasdaq gains 2.5% amid optimism over Bush's $600 billion package.

Readers Talk Back

Congress Hits the Books

Washington is studying accounting reform and regulation while President Bush takes to the Street.

Breaking News

Morgan Stanley Stock Leads Gains As Banks Boost Dividends After Fed Stress Tests

Morgan Stanley, Wells Fargo, Bank of America and Goldman Sachs will lift their quarterly dividend, while JPMorgan will hold its steady following last week's Fed stress tests.

Nike Stock Slides As As Margin Pressures, China Worries Offset Q4 Earnings Beat

"We think we're well positioned for growth in fiscal year 2023 ... having said that, we did take a cautious approach to Greater China," said CFO Matthew Friend.

New Tesla Product Is a Wish for Fans Hit by Inflation

The manufacturer of premium and high-end electric vehicles became the most profitable American carmaker in the first quarter of 2022.

Walgreens Stock Slides As Group Scraps Plan to Sell UK-based Boots

"As a result of market instability ... no third party has been able to make an offer that adequately reflects the high potential value of Boots," Walgreens said.