Goldman Earnings Lift U.S. Stocks

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Author: 123jump.com Staff
123jump.com
Last Update: 10:30 AM EST December 18 2007

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The European Central Bank pumped $500 billion in the banking system as nearly 400 banks in the euro zone bid for the auction. The well-received auction, is the second pre-announced action this year. The bank offered to accept all bids received at a rate higher than 4.21%. The Central Bank received total bids of 377 billion euros between the rates of 4% and 4.45%.

Shipbuilders also slumped on concerns economic growth is easing. Kawasaki Heavy Industries fell 2.47%.

Aeon Corp said on Monday that it is seeking investor support to block 15 billion yen takeover of drugstore CFS by Ain Pharmaciez Inc at a shareholders meeting on January 22nd, 2008. Aeon needs the support of at least 18% of voting rights to veto the takeover.

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