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Reuters - General Motors Corp said it was not considering bankruptcy protection as market turmoil continues and Barclays Capital said on Friday that the company's cash needs were increasing.

Reuters - The world's economic powers faced huge pressure on Friday to devise drastic remedies to revive the banking system and end panic selling in financial markets.

AP - Nearly all the $3.4 trillion in money-market mutual funds is expected to be federally guaranteed for at least the next three months, now that all the major fund providers signed up to participate by a deadline that passed Wednesday.

Are money-market funds completely safe now that the federal government is insuring them?

The answer isn't as clear-cut as many consumers may think.

New York Times Co. on Thursday named Joseph Seibert, an executive at the apparel company Marc Ecko Enterprises, as its new chief information officer.

As part of the move, David Thurm, Times Co.'s chief information officer since 2004, has been named senior vice president of operations for the New York Times newspaper.

General Motors Corp. and Ford Motor Co. saw their share prices plunge on Thursday as concerns grew that the struggling auto makers may not have enough cash to survive the deepening downturn in the U.S. economy.

General Motors closed down 31%, or $2.15, at $4.76, and Ford fell 22%, or 58 cents, to $2.08, in New York Stock Exchange composite trading. GM, which hit an intraday low of $2.26, its lowest point since 1951, ended the day with a market value of $3.9 billion to Ford's $6 billion.

Short-selling levels plunged at the New York Stock Exchange and Nasdaq Stock Market in the second half of September, before October's series of stock drops.

For the semimonthly period ended Sept. 30, the number of short-selling positions not yet closed out, or short interest, slid by 13.4% at the NYSE to 14,838,044,278 shares. At the Nasdaq, short interest fell by 10% to 9,062,229,865 shares during the same period. Short interest had risen modestly during the previous reporting period at both exchanges.

The technology industry, which had seemed immune to the financial crisis, is now getting squeezed on two sides: Established companies are struggling with slackening demand while venture capitalists are telling start-ups to cut costs and plan for a prolonged downturn.

Sequoia Capital, which has invested in Silicon Valley stars such as Google Inc. and YouTube, gathered the chief executives of its portfolio companies this week and told them to focus on becoming profitable and take a hard look at expenses they could cut, according to people who attended the event.

WASHINGTON -- The Treasury Department has begun canvassing financial executives to gauge their interest in participating in a program that would inject capital into banks, highlighting how quickly officials are shifting gears as the financial turmoil deepens.

Treasury is trying to determine how to structure capital infusions into healthy banks so that the institutions can begin lending again. One possible option is to take equity stakes, such as buying preferred stock, under terms that are favorable to the institution.

Reuters - Europe joined Asia's panic selling of stocks on Friday, knocking the benchmark world equity index to a 5-year trough, while the low-yielding yen jumped as fears grew that policymakers' efforts to contain the global financial crisis won't be enough.