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Stocks surged as the Fed cut short-term interest rates by three- quarters of a percentage point to 2.25% and Goldman Sachs and Lehman reported better-than-expected earnings. The central bank hinted at more cuts to come. The Dow industrials rose 420.41 points, or 3.5%, to 12392.66 despite expectations that the Fed would lower rates by a full point. A1, C1, D1</br></br>Bonds fell after the Fed's move, pushing yields up sharply. Crude gained $3.74 to $109.42 a barrel. The dollar rose against rivals. C2, C9, C11</br></br>Bear Stearns's shares soared 23% on bets that J.P. Morgan will have to pay more to seal its deal for the firm, now valued at $339 million. C1</br></br>The FAA ordered special maintenance checks at every U.S. airline in the wake of safety lapses at Southwest. A3</br></br>Delta is cutting 2,000 jobs and paring domestic flights a further 5% under a plan to cope with rising fuel prices. A3