U.S. stocks reverse day's losses on word of Ambac plan

Date: Fri, 22 Feb 2008 22:06:03 (GMT)

U.S. stocks reverse day's losses on word of Ambac plan

U.S. stocks turn solidly higher in the final minutes of trading on word
a rescue could be in the works for struggling bond insurer Ambac
Financial.

Capitol Report: Outlooks for second-half pickup may be wishful thinking

WASHINGTON
The consensus opinion among economists that the U.S. economy is likely
to rebound in the summer after a tough few months is already showing
signs that it might be little more than wishful thinking.

More subprime 'pain' on way, says FDIC chairman
The home mortgage market is in need of stronger rules to protect
homeowners, the chairman of the Federal Deposit Insurance Corp. says,
adding that there will be "continued pain" as the market grapples with
resetting subprime and non-traditional mortgages.

Apple forfeits 'iPhone premium' as concerns mount over device

Apple Inc. continues to stand by its goal of selling 10 million iPhone
units this year, but that has not quieted analyst questions about
whether demand for the iconic device is sufficient to support that
target.