 |
|
|
|
 |
|
 |
News |
 |
|
 |
|
|
| Chaotic Day Ends With Stocks Off 3.8% published on Mon, 06 Oct 2008 22:26:54 GMT |
The Dow Jones industrials finished more than 360 points lower, dropping below the 10,000 mark for the first time in five years.
|
| Europe Works to Contain Crisis published on Mon, 06 Oct 2008 20:41:30 GMT |
European leaders scrambled to prevent the growing credit crisis from bringing down major banks and alarming savers.
|
|
| Obama lead forces McCain on to attack published on Mon, 6 Oct 2008 21:42:56 +0100 |
| An increasingly frantic Republican party, which has watched Barack Obama restore a strong lead, has indicated that it plans to "take off the gloves" – in the words of Sarah Palin – by questioning Mr Obama's patriotism |
| Fed takes steps to bolster liquidity published on Mon, 6 Oct 2008 13:47:51 +0100 |
| The Federal Reserve said it would increase the size of its key TAF lending facility to commercial banks, pay interest on excess reserves to smooth liquidity operations, and allow money market funds to borrow via banks to fund their holdings of commercial paper |
| Fed's first foray into unsecured loans published on Mon, 6 Oct 2008 18:56:30 +0100 |
| The Federal Reserve is working with the US Treasury on plans for a dramatic move into unsecured lending in the hope that this extreme step could help bring credit markets back to life |
|
| Landscape shifts for investment banks published on Mon, 22 Sep 2008 20:59:30 +0100 |
| The move by Morgan Stanley and Goldman Sachs to voluntarily submit themselves to scrutiny is a final recognition that the blurring of the lines between commercial banking and investment banking requires a new regulatory framework |
|
| Europeans win Nobel prize for medicine published on Mon, 6 Oct 2008 11:43:15 +0100 |
| Three European scientists share the first of this year's Nobel awards - the medicine prize - for discovering viruses responsible for two serious human diseases |
| London police probe UN-Congo charity deal published on Mon, 6 Oct 2008 03:16:29 +0100 |
| Law enforcers are investigating whether two key contractors resorted to bribery in a landmark UN project to supply life-saving drugs to one of the world's poorest countries |
|
| Dow dives below 10,000 on credit, recession fears (Reuters) published on Mon, 6 Oct 2008 22:09:50 Etc/GMT |
| Stocks slid for a fourth straight day on Monday, leaving the Dow below 10,000 for the first time in four years, on fears the global economy was hurtling into recession despite government efforts to contain the fast-spreading financial crisis. |
| NYU economist: This economic crisis is different (AP) published on Mon, 6 Oct 2008 22:06:18 Etc/GMT |
| An economist who has studied past recessions in New York said Monday the financial industry has come back each time, and she agreed that the only way out of the new one facing the state is to grow. |
developed and produced for the web by Financial Limited and its subsidiaries
|
|
 |
|
 |
Beauty lasts for a moment, but ugly goes on and on and on. |
 |
|
 |
|
|
|
![[logo]](http://graphics.nytimes.com/images/section/NytSectionHeader.gif "NYT > Business")
![[logo]](http://news.ft.com/cms/d1f3ce1a-6bbe-11da-bb53-0000779e2340.gif "FT.com - US and Canada")
![[logo]](http://us.news2.yimg.com/us.yimg.com/p/fi/pr/40197.gif "Yahoo! Finance")
