(Bloomberg) -- U.S. stock-index futures dropped
after Bear Stearns Cos. told investors there's little value left
in its two failed hedge funds and Intel Corp. and Yahoo! Inc.
said competition is reducing earnings.
Bear Stearns, the second-biggest underwriter of mortgage-
backed securities, retreated in Europe. Intel, the world's
largest computer-chip maker, and Yahoo, the most-visited U.S. Web
site, also fell in Europe.
Read more at Bloomberg Stocks News
after Bear Stearns Cos. told investors there's little value left
in its two failed hedge funds and Intel Corp. and Yahoo! Inc.
said competition is reducing earnings.
Bear Stearns, the second-biggest underwriter of mortgage-
backed securities, retreated in Europe. Intel, the world's
largest computer-chip maker, and Yahoo, the most-visited U.S. Web
site, also fell in Europe.
Read more at Bloomberg Stocks News
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