Author: 123jump.com Staff
123jump.com
Last Update: 8:04 PM EDT March 14 2007
Stocks in New York trading recovered at close after hitting their lows at mid-day. Smaller than expected current account deficit data failed to counter the worries related to sub-prime lending. Lehman Bros reported first quarter earnings of $1.96 per share compared to $1.83 per share. The company said that its exposure to subprime ledning is well contained. General Motors reported prift in the fourth quarter on GMAC sale. Asian and European markets dropped more than 2%.
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