Stocks rise after Iraq raid signals deaths of Saddam kin
Wall Street steadies after news four Iraqis die in a U S raid in Baghdad. Odai and Qusai Hussein reportedly killed, boosting Dow 0.7 percent to 9158.45 while Nasdaq climbs 1.5 percent to 1706.10 and S and P 500 up 1 percent to 988.11. Analysts doubt lasting impact amid focus on second quarter results and high equity valuations. Chip makers lift tech shares on stronger TI results and upgrades.
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Bush officials hail anti fraud drive a year after Enron crisis
Washington AP report says Bush administration officials praise corporate corruption fight after forming a task force. SEC Chairman William Donaldson hopes we've seen the worst of it as the White House cites boosted investor confidence and a stock rally. Prosecutors claim over 250 corporate fraud convictions, 354 charged, and more than 85 million in fines and restitution.
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