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Report: Ambac deal may be imminent (AP via Yahoo! News)

A bailout of bond insurer Ambac Financial Group Inc. is scheduled to be announced as early as Wednesday afternoon, according to a person close to the talks who spoke on the condition of anonymity because the deal was not final.

Ambac shares plunge on reorganization plan (CNN Money)

Shares of bond insurer Ambac Financial Group Inc. plummeted in Wednesday trade after the company said it would raise $1.5 billion in capital and reorganize its business.

Treasurys hit by Ambac stock sale plan (AP via Yahoo! News)

Treasury prices fell sharply Wednesday after struggling bond insurer Ambac Financial Group Inc., seeking to shore up its finances, filed with the government to sell at least $1.5 billion in stock and equity units.

Wall St drops as Ambac drags on financials (Reuters via Yahoo! News)

U.S. stocks fell on Wednesday as disappointment about bond insurer Ambac Financial Group Incs capital raising-plan sparked a sell-off in financial shares.

Ambac to raise at least $1.5 bln new capital (Reuters via Yahoo! News)

Ambac Financial Group Inc said on Wednesday that it will sell at least $1.5 billion of stock and equity-linked securities to help boost capital levels at its main insurance unit, which had been facing potential ratings downgrades.

Ambac to announce a capital infusion: source (Reuters via Yahoo! News)

Ambac Financial Group Inc plans to soon announce a capital infusion, a person briefed on the matter said on Wednesday.

Ambac rescue banks aim to finish deal on Wed-CNBC (Reuters via Yahoo! News)

Banks negotiating a rescue of Ambac Financial Group Inc hope to finish hammering out a deal on Wednesday, CNBC reported on Wednesday morning.

Ambac trading halted on NYSE (Reuters via Yahoo! News)

Trading in Ambac Financial Group Inc , the bond insurer, was halted around midday Wednesday on the New York Stock Exchange.

Market briefly extends gains as Ambac halted (Reuters via Yahoo! News)

U.S. stocks briefly extended gains on Wednesday as the stock in Ambac Financial Group Inc was halted with news pending, bolstering views that a deal to bail out the bond insurer was imminent.

Stocks mixed after Ambac, Fed data (AP via Yahoo! News)

Wall Street fluctuated Wednesday as investors sorted through a downbeat Federal Reserve assessment of the economy and were also disappointed by a plan to bail out troubled bond insurer Ambac Financial Group Inc.