Wall St drops as Ambac drags on financials
U.S. stocks fell on Wednesday as disappointment about bond insurer Ambac Financial Group Inc’s capital raising-plan sparked a sell-off in financial shares.

U.S. stocks fell on Wednesday as disappointment about bond insurer Ambac Financial Group Inc’s capital raising-plan sparked a sell-off in financial shares.
Oil's Rise Pushes Stocks Yet Lower
This is a multi-part message in MIME format. ------------=_4837A458.B2567187 Content-Type: text/plain; charset=iso-8859-1 Content-Disposition: inline Content-Transfer-Encoding: 8bit Spam detection software, running on the system "server.destinpro.com", has identified this incoming email as possible spam. The original message has been attached to this so you can view it (if it isn't spam) or label similar future email. If you have any questions, see the administrator of that system for details. Content preview: NEW YORK, May 23 -- Rising oil prices and worries about a prolonged economic downturn sent... more...Wall Street slips on Citi's woes
U.S. stocks wilted on Monday after Citigroup warned of billions of dollars in loan losses, reigniting fears about the health of financial firms and the broader U.S. economy.
Jan. 18 (Bloomberg) -- Merrill Lynch & Co., the third- biggest U.S. securities firm by market value, said fourth- quarter profit rose 68 percent on gains from trading and buyouts and higher fees from arranging initial public offerings. Link to original article
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