U.S. stocks close with gains; Dow up first day in five

Date: Wed, 05 Mar 2008 22:06:03 (GMT)
U.S. stocks close with gains; Dow up first day in five

U.S. stocks find their footing late with the Dow industrials gaining for
the first time in five days as investors get past news Ambac will sell
$1.5 billion in stock and equity to keep its AAA rating.

Ambac to raise $1.5 billion selling common stock, equity units

Ambac Financial says it plans to raise at least $1.5 billion selling new
common stock and equity units as the troubled bond insurer tries to keep
its crucial AAA rating.

Citigroup CEO says bank is 'financially sound'

The chief executive of Citigroup attempts to allay investor fears a day
after the stock hit a multiyear low, telling colleagues in an internal
memo that the bank is financially sound.

Dealmaking sweeps U.S. beef market

SAN FRANCISCO
Ownership of U.S. meat producers is taking on a foreign flavor. The
beneficiary: A top-producing meatpacker in Brazil called JBS S.A.