Business news for Mon, 24 Dec 2007 & with words financial+firm. 2 news.

Stocks closed higher Monday afternoon at the end of a half-day of trading on the eve of a Christmas pause, as investors flocked to financial services firms after yet another Wall Street firm announced a big foreign cash investment.

The major source of Merrill Lynch’s $6.2 billion cash infusion, announced Monday, was fairly unsurprising: Singapore. It is just the latest Asian country to invest in a troubled financial firm, following China’s decision to pour $5 billion into Morgan Stanley. Merrill’s other investor, however, was a bit of a dark horse. It was Davis Selected Advisors, a [...]