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Shares of Morgan Stanley and Goldman Sachs plunge

Associated Press
Sep 17, 2008 11:00 pm - NEW YORK _ Shares of Goldman Sachs and Morgan Stanley plunged on Wednesday, a sign that investors fear they can't survive in their present form as the last two major in...
Fed, world banks move to boost global confidence

Associated Press
Sep 17, 2008 11:00 pm - NEW YORK -- Wall Street's biggest crisis since the Great Depression forced the Federal Reserve and central banks around the globe to pump billions of dollars into the wo...
Fed may be saving new rate cuts for later

Associated Press
Sep 17, 2008 11:00 pm - WASHINGTON - The Federal Reserve did not lower interest rates despite all the financial market upheavals in recent days, but that doesn't mean the central bank won't cut...
Ex-Allstate CEO called to led AIG out of crisis

By John Patterson Daily Herald Staff
Sep 17, 2008 11:00 pm - SPRINGFIELD - A year ago, Edward Liddy was getting out-fished by a friend's wife in Canada. The former Allstate Corp. CEO and chairman was on a fishing trip with Ron Gid...
With stock sinking, WaMu appears headed for sale

Associated Press
Sep 17, 2008 11:00 pm - Ailing bank Washington Mutual Inc. appeared headed toward a sale Wednesday after a major investor removed a potential stumbling block and nervous banking regulators bega...
Oil falls on concerns over weak global demand

Associated Press
Sep 17, 2008 11:00 pm - NEW YORK -- Oil prices broke back above $100 a barrel as investors sought a haven from the financial sector's turmoil, but crude later gave back its gains as the tenuous...
Stocks surge on report of entity for bad debt

Associated Press
Sep 17, 2008 11:00 pm - NEW YORK -- Wall Street rallied in a stunning late-session turnaround Thursday, shooting higher and hurtling the Dow Jones industrials up 400 points following a report t...
Gold surges to nearly $900 as credit crisis deepens

Associated Press
Sep 17, 2008 11:00 pm - NEW YORK -- Gold prices spiked near $900 an ounce Thursday as unnerved investors poured money into safe-haven assets for a second day on fears that a U.S. recession is a...
Stocks tumble as insurer teeters

Associated Press
Sep 16, 2008 11:00 pm - NEW YORK -- Wall Street plunged again Wednesday as anxieties about the financial system ran high after the government's bailout of insurer American International Group I...
Congress eyes tough new regulations amid financial crisis

By Julie Hirschfeld Davis Associated Press
Sep 16, 2008 11:00 pm - WASHINGTON - A Congress criticized for being asleep at the switch while financial problems festered is eying tough new regulations for investment banks and a new governm...

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