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Stocks rally as tame CPI calms inflation fear (Reuters)

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Nishikant
on June 16, 2008 12:22 PM | | Comments (0) | TrackBacks (0)

The New York Stock Exchange. American International Group (AIG), the world's largest insurer, sacked chief executive Martin Sullivan Sunday, after a bumpy three-year tenure which saw record losses and plummeting share prices(AFP/Getty Images/File/Mario Tama)Reuters - Stocks closed higher on Friday, helped by a government report that showed underlying price pressures rose moderately in May, easing fears that inflation would force a near-term rise in interest rates.


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