Morning News Tuesday August 28th 2007
General News: - U.S. stocks declined for a second day after Merrill Lynch & Co. analysts said tighter credit markets will hurt earnings at banks and a gauge of home prices fell by a record in the second quarter. - Confidence among American consumers dropped by the most in two years and home prices extended their decline, suggesting spending growth may stall after a housing- induced credit-market rout. - Street Street Corp., the largest U.S. money manager for institutions, fell as much as 5.2 percent in New York trading after a report said the company has credit lines to $22…