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  • Stocks opened modestly lower as economic indicators showed continuing inflation pressures and worries persisted over the state of the financial sector.

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    The main event this week is the Fed meeting on Tuesday and investors will tune in to see if Bernanke & Co. offer any insight on inflation. Plus, more earnings, including Cisco, P&G and AIG.

  • And Ben Bernanke was wrong. A year later we look back to see whose strategy was best for this country.

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    Citigroup on Friday said the U.S. Securities and Exchange Commission has opened a formal probe into possible violations of federal securities laws in connection with the sale of auction-rate securities.

  • Forget capitulation -- it's time to buy equities! Arthur Cashin of UBS offers CNBC a sample of what traders are saying -- straight from the trading floor.

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    Bond insurer Ambac Financial Group said on Friday it will pay $850 million to Citigroup in a settlement over risky derivatives that Ambac had insured.

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    Citigroup on Friday said the U.S. Securities and Exchange Commission has opened a formal probe into possible violations of federal securities laws in connection with the sale of auction-rate securities.

  • Morgan Stanley

    Investment bank Morgan Stanley says it is done cutting jobs and going back on offense, spending some of the $1 billion it saved slashing 4,800 jobs in the past year to recruit top bankers and traders.

  • Outside investment in a major bank has Cramer thinking we're ready for a turnaround.

  • Cramer means it when he says it. Our great national nightmare is over.

  • Stocks rose Wednesday after ADP reported an unexpected rise in private payrolls and the government announced two measures intended to boost liquidity and provide some stability to financial markets.

  • U.S. securities regulators have extended through Aug. 12 an emergency rule aimed at curbing abusive short selling in the stocks of 19 major financial firms, including mortgage giants Freddie Mac and Fannie Mae.

  • It all comes down to three important factors, Cramer says.

  • It just goes to show you, a little attitude never hurts: Stocks clawed back all of the prior session's losses as oil hit its lowest point since May and consumer confidence improved.

  • It's all in the attitude today: Stocks rose after an improvement in consumer confidence.  Stocks were already pointing higher as oil prices receded but that little shot of confidence pushed the Dow up to a triple-digit gain.

  • The New York Stock Exchange, downtown New York City.

    Merrill Lynch's latest effort to shed its subprime debt could set the standard for a final round of writedowns in the financial sector.

  • Is everyone going to have to sell CDOs at $0.22 on the dollar, as Merrill has? Guy Moszkowski at Merrill Lynch says maybe not.

  • It's all in the attitude today: Stocks rose after an improvement in consumer confidence.  Stocks were already pointing higher as oil prices receded but that little shot of confidence pushed the Dow up to a triple-digit gain.

  • Citibank

    Deutsche Bank analyst Mike Mayo said that Citigroup may post third-quarter write-downs of about $8 billion from its exposure to collateralized debt obligations (CDOs), a day after Merrill Lynch agreed to sell its CDOs for just 22 cents on the dollar.

  • Two weeks after reporting huge losses, Merrill Lynch has surprised the Street with significant sales and capital raising. They are: 1) selling $30.6 b in CDOs. They were carried on the books at a value of $11.1 b; buyer Lone Star is paying $6.7 b ($0.22 on the dollar), but Merrill is financing three-quarters of the sale;