US stocks on the rise as the market waits to hear news on the Federal Reserves latest rate move.

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Wall Street looked set for a rebound Tuesday, one day after logging their steepest losses in years when the House voted down a proposed $700 billion rescue plan for the financial sector.

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A six-year-old article mistakenly seen by Bloomberg financial news users yesterday reported the bankruptcy of United Airlines and triggered a massive sell-off that nearly obliterated the company's stock in a matter of minutes.

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A day that dawned bleakly on Wall Street turned even darker late yesterday as an afternoon sell-off sent the Dow Jones industrial average down more than 360 points, or 2.6 percent.

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US shares wobbled in early Friday trading after Thursday's sharp sell-off prompted by worries about higher interest rate levels. However further declines in stocks were tempered by news that the US economy had grown faster than expected in the three months to June.

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I was tempted to say that Wall Street has finally woken up to the state of the US property market, but a more accurate statement would be that some key players are no longer willing / able to support the rot.

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TWO shareholders in Hilton are suing the hotel operator, claiming its management and directors breached their fiduciary duty to stockholders when they agreed to sell the company to a private equity firm for $20.1bn, a figure the shareholders contend is too low.

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The Nikkei share average fell over 4 percent on Wednesday after the Tokyo bourse said it would suspend trading of all shares listed on the world's second-largest stock market if the number of trades exceeds its system's capacity.

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