EX-ENRON CHAIRMAN LAY, in his last day of testimony, continued to claim that prosecutors misconstrued routine business practices. 9:58 p.m.
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The Dow industrials climbed 73.16 to a six-year high of 11416.45 on optimism about corporate profits and the economy. Concern over Iran boosted oil 91 cents to $74.61. (Oil-news roundup) 8:53 p.m.
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Auto sales slumped in April despite the strong U.S. economy as the Big Three posted significant declines. GM sales fell 10.7%, Ford sales dropped 6.8% and Chrysler sales declined 8%. 9:35 p.m.
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Shareholders showed their displeasure with UnitedHealth by withholding over 28% of their votes for two directors up for re-election. 8:26 p.m.
The parent of Ameriquest said it will cut 3,800 jobs and close branches amid rising interest rates and a cooling real-estate market. 10:19 p.m.
? Housing Market Shows More Signs of Slowing
Verizon posted a drop in earnings, as strong growth in wireless services was offset by costs linked to the acquisition of MCI and continued declines in its core landline business. 8:11 p.m.
REIT Health Care Property will acquire CNL for $3.6 billion, in a deal that would create a titan in the senior-care industry. 8:32 p.m.
A bird-flu response plan advises U.S. employers to keep workers at least three feet apart and suggests colleges set up quarantined dorms in the event of an outbreak. The White House is expected to release the draft tomorrow. (Complete ...