U.S. stocks get big boost from Citi rescue

Date: Mon, 24 Nov 2008 12:01:15 -0500

U.S. stock sharply higher higher, extending the prior session's solid
gains, with bank shares in particular bolstered by word of Citigroup's
11th-hour rescue by the government.

CITIGROUP SOARS AS U.S. AGREES TO SWEEPING RESCUE PACKAGE

Citigroup shares rocket higher after federal officials back a $326
billion rescue in a plan aimed at averting chaos in the financial
system.

FINANCIAL STOCKS: UNCLE SAM'S CITI LIFELINE SPARKS RALLY

Citigroup shares jump more than 60%, rallying after the banking giant
rescue agreement reached late Sunday with federal officials, as
investors bid financial-sector shares broadly higher.

OBAMA TO UNVEIL ECONOMIC TEAM MONDAY

President-elect Barack Obama will unveil key members of his
economic-policy team on Monday, making the high-profile announcements
on the heels of the extension of a government lifeline to financial
titan Citigroup.

KING TO BUY ALPHARMA FOR $1.6 BILLION

King Pharmaceuticals Inc. on Monday said Alpharma Inc. has accepted
its revised offer to be acquired in an all-cash deal valued at $1.6
billion.