Posted on 12/21/2007 6:59:26 AM PST by Perdogg
Stocks opened higher Friday following a better-than-expected rise in profits at Research in Motion Ltd. and on word that Merrill Lynch might have lined up a big cash infusion from a Singapore fund.
Research in Motion said late Thursday its fiscal third-quarter profit more than doubled on strong demand for its BlackBerry smart phones. The results gave Wall Street hope that the technology sector has further to climb and that consumers and businesses are still spending.
(Excerpt) Read more at biz.yahoo.com ...
Luv my BB...
You're slipping. :O)
At least Merrill is going to Singapore and not Red China for their bailout.
Citibank went to Dubai and a number of EU banks went with Saudi financing. Credit cost to date just went over $100 billion dollars. This is an incredible cost in the sub par finance sector.
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