Banks and brokers shares fall on subprime woes

(Reuters) - Declines were led by banks perceived to have high exposure to mortgages and other fixed income businesses, including Lehman Brothers Holdings Inc. , which fell 5 percent, and Bear Stearns Cos. , which fell as much as 4.1 percent.




Lenders specializing in mortgages dropped as well. Countrywide Financial Corp. shares fell 3.7 percent, while the shares of subprime specialist NovaStar Financial Inc. fell 8.7 percent.


Read more at Reuters.com Business News

Canadian Energy Stocks, Encana, May Fall; Metals Shares May Gain With Gold

(Bloomberg) -- Canadian energy stocks including EnCana
Corp. may decline along with crude oil prices, which retreated
today from a nine-month high.

Declines in the broader market may be limited as raw-materials
producers including Goldcorp Inc. advance on higher bullion and
copper prices.


Read more at Bloomberg Stocks News