U.S. stocks bolstered some by tentative stimulus plan

Date: Thu, 24 Jan 2008 22:01:04 (GMT)

U.S. stocks bolstered some by tentative stimulus plan

U.S. stocks on Thursday reclaimed higher ground for a second day after
the White House and the House leadership unveiled a tentative economic
stimulus package, lifting an equities market recently battered by
worries about an economic recession.

Goldman analysts question benefits of a bond insurer bailout

SAN FRANCISCO
Goldman Sachs analysts questioned the potential benefits of any bailout
of the bond insurance industry on Thursday and said companies like Ambac
Financial and MBIA Inc. are more likely to go into "run-off."

Economic Report: December drop caps worst housing year in decades

Resales of U.S. homes fall 2.2% in December to a seasonally adjusted
annual rate of 4.89 million, the lowest in nine years.

SocGen takes $7.1 billion loss on rogue trades

French banking group Societe Generale said Thursday it has uncovered a
massive 4.9 billion-euro ($7.1 billion) fraud linked to a single rogue
futures trader.