Business

  • US stocks extend huge losses over credit concerns

    Wall Street extended its devastating losses Friday, but prices swung sharply as investors scooped up shares decimated by more than a week of intense and panicked selling. The Dow Jones industrials, down nearly 700 points in the opening minutes of trading, recovered to a loss of just over 200, and the other major indexes fluctuated as well.
    Online update9:36 a.m. |13 comments

  • Bush says anxiety feeding market instability

    President Bush said Friday that the government's financial rescue plan was aggressive enough and big enough to work, but would take time to fully kick in. "We can solve this crisis and we will," he said in brief remarks from the White House Rose Garden.
    Online update9:43 a.m. |3 comments

  • Federal regulators clear Wells Fargo-Wachovia deal

    Federal antitrust regulators say they have cleared Wells Fargo's $11.7 billion acquisition of troubled bank Wachovia Corp.
    Online update10:15 a.m. |0 comments

  • Oil plummets below US$83 on global slowdown fears

    Oil prices tumbled to a one-year low below US$83 a barrel Friday in European trading as fears mounted that governments around the world would be unable to keep the ongoing financial crisis from causing a severe global economic downturn.
    Online update10:15 a.m. |0 comments

Oct. 10, 2008

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