Payrolls fall by 63,000 in February, suggesting recession

MAR 7, 2008
Payrolls fall by 63,000 in February, suggesting recession

In the clearest suggestion yet of a recession, U.S. nonfarm payrolls
fall by 63,000 in February, the second straight decline in employment.

The Fed: Fed takes new steps to add cash to U.S. banking system

The Federal Reserve announces two new steps to add cash to the banking
system.

The Fed: Yellen expects inflation to moderate
WASHINGTON
Inflation in the United States, while disappointing at the moment, is
likely to moderate, San Francisco Fed president Janet Yellen said
Friday.

Ambac raises $1.5 billion, but shares slide on dilution concerns

Ambac Financial raises $1.5 billion selling stock and convertible
securities to protect its crucial triple-A rating. But shares fall for a
third straight day after the struggling bond insurer has to sell more
new stock than expected, diluting existing investors further.