Ambac rallies as speculation resurfaces about recapitalization

Date: Tue, 04 Mar 2008 22:06:03 (GMT)

Ambac rallies as speculation resurfaces about recapitalization

Ambac Financial Group shares rally as speculation resurfaces about a
recapitalization of the struggling bond insurer.

Does bad news for Intel mean bad news for tech?

Intel is such a dominant player in the technology market that any sign
of trouble at the chip behemoth eventually sends jitters throughout the
entire sector. So it was not surprising that both Intel stock and the
Nasdaq Composite Index lost ground in Tuesday's trading session. Some
analysts believe it's an overreaction.

Apple sticks by iPhone goal; shareholders OK pay measure

Apple sticks to its goal of selling 10 million iPhones by the end of the
year, despite a growing belief by analysts that this will be a stretch
in a slowing economy.

Housing in 'deepest, most rapid' decline since Great Depression

Housing is in its "deepest, most rapid downswing since the Great
Depression," the chief economist for the National Association of Home
Builders said Wednesday, and the downward momentum appears to be
accelerating.

The Ratings Game: Merrill cuts Citi profit outlook on more expected
charges

BOSTON
Merrill Lynch lowered its fiscal 2008 earnings outlook for Citigroup
Inc. again on Tuesday on expectations the Wall Street giant will be
forced to take more big write-downs as credit markets worsen.