Stocks rebound with House vote ahead; Dow up 200 points

Date: Fri, 03 Oct 2008 12:03:06 -0400
Stocks rebound with House vote ahead; Dow up 200 points

U.S. stocks rally, bouncing back after two days of losses, with
financial shares fronting the gains as a new buyout deal for Wachovia
Corp. lifts spirits, as does optimism about the coming House vote on the
historic bank rescue plan.

House set for second rescue package vote

House lawmakers are to vote for a second time on a high-stakes proposal
to prop up strapped financial markets as uncertainty lingers about the
bill's passage and President Bush seeks to shore up support for the
measure.

Citi slams Wachovia-Wells deal, says it had exclusive rights

Citigroup lashes out against Wachovia-Wells deal, saying it has
exclusive rights. See full story.

AIG moves to sell off non-core assets as it seeks to repay Fed

American International Group plans to refocus on its core property and
casualty insurance businesses and is looking into the sale of other
units as it seeks to repay a massive loan from the Federal Reserve.

Economic Report: Payrolls fall by 159,000 in September, worst in 5
years

U.S. employment fell by 159,000 in September, the worst job losses since
March 2003, the Labor Department reported Friday.