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Stocks surge after news of Treasury pick (The Star-Ledger)
U.S. stocks rallied and the Standard & Poor's 500 Index rebounded from an 11-year low after President-elect Barack Obama picked New York Federal Reserve Bank chief Timothy Geithner to head the Treasury. "This news could really give the stock market...

(AFX UK Focus) 2008-11-21 20:48 US STOCKS-Wall St rally on news of Geithner for Treasury (Interactive Investor)
NEW YORK, Nov 21 (Reuters) - U.S. stocks rallied late on Friday after multiple news reports that New York Federal Reserve President Timothy Geithner will be nominated as President-elect Barack Obama's Treasury secretary. The news erased uncertainty that has been hanging over the market and helped offset fresh worries about the future of embattled No. 2 U.S. bank Citigroup, which had earlier put ...

(AFX UK Focus) 2008-11-21 17:11 Glance-STOCKS NEWS EUROPE-UK Small Caps close 0.4 percent lower (Interactive Investor)
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