October 10, 2008
Reuters - U.S. regulators took over two small banks on Friday, in Michigan and Illinois, bringing the tally of bank failures to 15 so far this year.
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October 10, 2008
Investor's Business Daily - When autos go on sale, more people tend to want to buy. The same with clothing and TV sets and soft drinks.
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October 10, 2008
Reuters - Oil prices dropped more than 10 percent on Friday and touched 13-month lows in a global flight from risk amid concerns of a worldwide recession and further signs of slumping energy demand.
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October 10, 2008
Reuters - The Group of Seven major nations is unlikely to adopt Britain's proposal to guarantee lending between banks when it meets today, a G-7 official said on Friday.
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October 10, 2008
Reuters - The George W. Bush administration may give an unlimited guarantee to bank deposits or buy a share of major banks in an effort to stabilize the battered financial sector and reeling markets.
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October 10, 2008
U.S. News & World Report - MOSCOW--By any measure, Russia's stock markets have been on a sickening ride.
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October 10, 2008
AFP - Oil prices slumped Friday to one-year lows under 80 dollars per barrel, striking 75 dollars in London, amid a global equities meltdown that sparked fears over demand for energy, traders said.
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October 10, 2008
Reuters - Stocks tumbled on Friday, sending the benchmark S&P 500 below 900 for the first time in five years, as ebbing appetite for risk fueled a global share sell-off on fears tighter credit would spawn world recession.
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October 10, 2008
Reuters - Morgan Stanley shares fell as much as 30 percent on Friday on doubts about its deal with Mitsubishi UFJ Financial Group Inc (MUFG) (8306.T) and concern about a possible ratings downgrade.
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October 10, 2008
Reuters - A U.S. District Court Judge said there would be no hearing on Friday in the federal case over the rival bids of Citigroup and Wells Fargo & Co for Wachovia Corp after Citigroup dropped out of the deal on Thursday, according to court documents.
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