(Stock Trading News) Stocks Drop on Housing, Mortgage Woes – BusinessWeek
Countrywide Financial ( CFC ) fell almost 5% after a Lehman Brothers analyst cut estimates for the mortgage lenders, partly to reflect increased loan foreclosures and losses. Among stocks in the news on Monday, Gateway ( GTW ) agreed to be bought by Taiwan’s Acer Inc. Home Depot ( HD ) reportedly agreed to an 18% cut to the selling price of its Home Depot supply unit. Marsh & McLennan Companies ( MMC ) rose 1% after it agreed to buy back $800 million of its stock. read more
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