Stocks cut losses after BlackRock comments (Reuters)

Filed Under (Personal Finance) by on 11-11-2008

A trader works on the floor of the New York Stock Exchange November 11, 2008. (Brendan McDermid/Reuters)Reuters - Stocks cut losses in afternoon trading on Tuesday, after BlackRock President Robert Kapito said a $30 billion Bear Stearns mortgage portfolio could end up being worth more than its market value implies and housing agencies said they would widen help for homeowners.

--- Reuters ...

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