(Reuters)
- Bank shares are helping Wall Street on Monday after the previous
week's fall, following a rescue deal for Portugal's largest listed
lender and supported also by earnings from companies such as Berkshire
Hathaway (BRKb.N). Berkshire shares are up 1 percent after its results posted Friday. Michael Kors Holdings (KORS.N) is dropping 4.4 percent after the company's results, even as the company reported stronger than expected results. Portugal's
government agreed to rescue Banco Espirito Santo with a $6.6 billion
bailout, saving the country's largest listed bank from failure through
temporary loans. (Reporting by David Gaffen)
Reuters
Comments About This Article
Please fill the fields below.