U.S. stocks mostly down as Fed moves compete with jobs data

Date: Fri, 07 Mar 2008 17:01:03 (GMT)
U.S. stocks mostly down as Fed moves compete with jobs data

U.S. stocks are mostly lower, with the Dow industrials just below the
key psychological level of 12,000, as Federal Reserve moves to stem the
credit crunch help offset job losses viewed as the most blatant sign yet
of recession.

Economic Report: 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 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; CEO says demise 'exaggerated'

Bond insurer Ambac Financial raises $1.5 billion by selling stock and
convertible bonds, a move designed to preserve its credit rating against
a rising tide of claims.