Business news for Mon, 31 Dec 2007 & with word wall. 24 news.

US stocks fell on Monday, but the market managed to make a modest advance in 2007 after gains in energy and technology offset the dramatic sell-off in financials from the mortgage market meltdown.

(AP) -- A colored ice wall and an ice painting you can skate on will be installed in Chicago's Millennium Park as part of a new winter celebration in February. Rendering provided by Chicago Office of Tourism The "Museum of Modern Ice" installation will be on view Feb. 1-29. Both works will be ...

Wall Street ended a painful year with another steep loss Monday as investors glumly anticipated that 2008 would bring more of the uncertainty and turbulence of 2007.

FT.com - US stocks finished a tumultuous year lower on Monday, amid thin volume, as investors digested fresh data on the housing market.

US stocks finished a tumultuous year lower, amid thin volume, as investors digested fresh data on the housing market.

Stocks fizzled Monday, limping through the last trading day of 2007 but will close the year with respectable gains.

In the high-flying world of NYC corporate finance and the society it engenders partners at the white shoe Manhattan law firms are viewed merely as members of the lumpenproletariat by the gazillionaire hedge fund managers, etc.

As the financial markets brace for another wave of large losses at Wall Street banks, the outlook for these newly public firms and their as-yet-private brethren has darkened starkly.

NEW YORK (Reuters) - Citigroup Inc and Merrill Lynch & Co were the world's top underwriters of stocks and bonds in 2007, measured by volume and reported fees, despite being at the epicenter of the global credit crisis.

Wall Street ended a painful year with another steep loss yesterday as investors glumly anticipated...

Stocks that were moving substantially or trading heavily Monday on the New York Stock Exchange and Nasdaq Stock Market:

FT.com - US stocks pared earlier losses but remained in negative territory in mid-morning trade on Monday, the last trading day of the year, as investors digested fresh data on the housing market.

NEW YORK (MarketWatch) -- Vonage Holdings Corp. said Monday that it has agreed in principle with Nortel Networks Corp. to end the pending litigation between them. According to a release from Holmdel, N.J.-based Vonage, the contemplated settlement involves a limited cross license to three Nortel and three Vonage patents and does not call for monetary payments by any party. Earlier this month, The Wall Street Journal reported that Nortel filed a lawsuit against Vonage, alleging that Vonage violated nine patents related to Internet phone services, countering Vonage's claims that Nortel had violated three of its patents. Shares of Vonage, which closed Friday at $2, were up about 9% in premarket trading Monday.

Paris-based Publicis Groupe led a tumble in European media stocks this morning, following a negative report on the sector from a big Wall Street securities firm. Shares of Publicis were off 1.2% to $37.89, following the release of the report from Citigroup's equity research team.

The gilded realm of private equity has not been kind to ordinary investors this year.

Stocks looked poised for a slightly higher on the last trading day of the year as investors awaited the latest reading on the housing market.

AP - As 2007 comes to a close, Wall Street is almost as jittery as it was over the summer, when worries about the housing slump and banks' losing bets on mortgages first came to a head.

Wall Street ended a painful year with another steep loss Monday as investors glumly anticipated that 2008 would bring more of the uncertainty and turbulence of 2007.

Reuters - Stock index futures rose on Monday in the final trading session of the year with little on the corporate agenda and ahead of existing home sales data.

NEW YORK -- As 2007 comes to a close, Wall Street is almost as jittery as it was over the summer, when worries about the housing slump and banks' losing bets on mortgages first came to a head.