Midday Report: U.S. stocks losing some lift from China stimulus package

Date: Mon, 10 Nov 2008 12:01:18 -0500

U.S. stocks losing some lift from China stimulus package

Stocks scale back gains, with the Dow Jones Industrial Average
flirting with the 9,000 level, as enthusiasm over China's economic
stimulus package was partially offset by ongoing worries about U.S.
companies.

CHINA LIFTS WRAPS ON STIMULUS PACKAGE

China unveiled on Sunday what it described as a "massive" economic
stimulus package worth over half a trillion dollars in an effort to
reverse slowing economic growth in the world's most populous country.

THE FED: FED, TREASURY REVAMP SUPPORT FOR INSURER AIG

The Federal Reserve and the Treasury have restructured the
government's support for AIG, the insurance giant taken over on Sept.
16.

CIRCUIT CITY FILES FOR CHAPTER 11 BANKRUPTCY

Circuit City Stores Inc. says it filed for protection from its
creditors under Chapter 11 of the U.S. bankruptcy code.