Thornburg common stock jumps after sells preferred shares
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Thornburg Mortgage Inc  said on Thursday it raised $500 million by selling convertible preferred stock, a move that will boost funding and allow it to resume making new loans after getting hit by a credit squeeze.
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NEW YORK, December 30  - Fannie Mae (FNM.NYS) announced yesterday that it had sold preferred stock worth $5 billion to large investors through a private placement issue.
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The company's shares have recovered from legal settlement sticker shock.
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US stocks were higher at midmorning on Thursday, as a slew of deals fuelled the market&#39;s momentum, a day after the S&amp;P 500 had risen to a record close.
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Stocks advanced on Wednesday after Morgan Stanley  announced a $5 billion investment from China and the Federal Reserve reported high demand for its $20 billion auction.
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Stocks extended gains on Thursday, pushing the Dow industrials up more than 1 percent, with support from a brokerage upgrade of General Motors Corp.  and McDonald's Corp.'s  dividend increase.
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NEW YORK - Stocks that were moving substantiall
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The shares rebound after the company recalled a product.
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Wall Street rose sharply in early trading, with solid preliminary results from IBM encouraging investors to buy back into the stock market after last weekâs rout.
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Stocks rose in early trading Monday after a fresh round of buyout news offered evidence that Wall Street's penchant for dealmaking hasn't disappeared.
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U.S. stocks rose on Wednesday, a day  after a sharp sell-off, as value investors picked up shares in  lagging sectors such as healthcare.
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U.S. stock indexes rose on Monday as takeover news and strong profits from blue-chip companies, including Merck & Co. , reassured investors after Friday's sell-off.
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US stocks rose sharply on Tuesday, amid a broad-based rally that included a rebound in the battered financial sector.
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Stocks jumped on Tuesday, pushing the S&P 500 and Nasdaq composite indexes more than 1 percent higher, as Wall Street joined Asian and European markets in a rebound after the recent global sell-off.
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Stocks rose on Friday, capping Wall Street's best week in almost five years, after Microsoft Corp's  $44.6 billion bid for Yahoo Inc  overshadowed news that employers cut payrolls for the first time since 2003.
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Stocks jumped on Thursday, driving both the S&P 500 and the Nasdaq composite indexes up more than 1 percent as stocks rebounded, led by gains in financial services companies and retailers.
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U.S. stocks jumped on Tuesday as  battered insurers such as Marsh & McLennan Cos. MMC.N gained  on increased confidence of a quick resolution to New York  Attorney General Eliot Spitzer's probe of the industry.