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Asia, Pacific stocks drop(CNN)
Asia and Pacific stocks opened sharply lower Friday as investor fears about the global financial crisis deepened.
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AIG taps $70 billion(CNN)
American International Group has tapped $70 billion of the $85 billion emergency government loan that is helping the giant insurer survive, officials announced Thursday.
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Citi ends talks with Wells Fargo over Wachovia(CNN)
Banking giant Citigroup said Thursday it had ended talks with Wells Fargo about reaching an agreement to acquire parts of the struggling bank Wachovia and is no longer looking to buy any of Wachovia's assets.
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More trouble for fund that 'broke the buck'(CNN)
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Investors pull $43B out of stock funds(CNN)
As the nation's economic crisis deepened, investors pulled $43.3 billion from stock mutual funds, according to a report released Thursday.
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Paulson needs to lay out his plan(CNN)
It's time for Henry Paulson to show his cards.
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National City mum on sale talk(CNN)
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What's selling now: Health care up, housing down(CNN)
Small companies in the finance and real-estate fields have been hit hard this past year, reporting declines in many niches of the industry. But other small businesses are still thriving despite the economic downturn: Software publishers and medical labs enjoyed double-digit growth over the last 12 months, according to new research by financial services company Sageworks.
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Daimler will add 1,000 jobs next year(CNN)
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Canadian pol criticizes banks(CNN)
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Micron to cut 2,850 jobs(CNN)
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Wall Street crisis hits GE(CNN)
All eyes will be on GE on Friday when the massive conglomerate and market bellwether reveals earnings that have been hard-hit by recent turmoil in the financial markets.
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Oil sinks as economy falters(CNN)
Oil prices continued to decline Thursday as global economic problems hammered demand for crude products.
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Shorts blamed for bank stock plunge(CNN)
Bank stocks sank across the board Thursday, leading the broader market in a frenzied selloff. Some market watchers blamed the drop on the expiration of the short selling ban on financial stocks.
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IBM confident, market less so(CNN)
IBM tried to separate itself from the tech pack with a mixed third quarter earnings preview, but more budget cutting among among business buyers foreshadows trouble down the road.
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Big drop predicted for global auto sales(CNN)
As the economic downturn continues to hit consumers' wallets, market analysis firm J.D. Power is predicting even bigger drops in U.S. and global auto sales than it had previously thought.
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Paulson 'actively' eyes bank investment(CNN)
The Treasury Department is "actively" looking at buying equity stakes in some of the nation's banks, according to White House officials.
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