Investors sent shares of software makers up Tuesday after the Federal Reserve reduced a key interest rate to a range of zero to 0.25 percent in another attempt to buoy the sinking U.S. economy.
The new target range is the lowest since 1954, when tracking of the federal funds rate began.
The Federal Reserve last lowered the funds rate - the interest rate banks charge each other on overnight loans - by a half-point to 1 percent on Oct. 29. Since Read the rest of this entry »

Associated Press
10.06.08,
1:41 PM ET
Shares of major software companies sank sharply Monday amid a widespread market decline, fueled by investors' fears that Washington's $700 billion bailout package could take a while to free up frozen credit markets.
Software makers remained relatively unharmed for months as the subprime mortgage crisis seeped into the financial sector, but as short-term credit businesses need for daily operations Read the rest of this entry »