6:04pm: Problem wasn't in their judgment, they tell Congress, but in a bad accounting rule. Congress wasn't biting. (more)
5:02pm: The aluminum producer suspends buyback program after missing third-quarter profit expectations. (
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3:30pm: Government report shows consumer credit decreased in August, a sign of the weak economy. (
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3:03pm: Rumor spreads that Mitsubishi may pull out of plan to buy Morgan stake. Stock sinks more than 20%. Morgan denies rumor and says deal on track to close soon. (
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2:48pm: Trade association head blames credit and economic problems, urges implementation of the $700B rescue plan. (
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2:30pm: President reassures citizens, says government actions will prevent a painful and deep recession. (
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2:22pm: Federal Reserve held rates steady at September meeting because of risk from both weaker economic growth and inflation. (
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2:17pm: Prime Minister Brown in talks with banking, finance chiefs as investors express fear government hasn't done enough. (
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2:07pm: Richard Perry, hedge fund superstar, hasn't had a down year in his flagship fund in 14 years. (
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2:02pm: Congressional budget analyst says many workers may need to delay retirement. (
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1:29pm: Transcript of Fed chairman's remarks to the National Association for Business Economics. (
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1:10pm: Fed chairman says financial crisis will dampen economy well into 2009 and hints at future rate cuts; says recent actions by Fed, Treasury should help economy recover. (
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12:34pm: The agency doubles the time companies can keep cash borrowed from overseas subsidiaries. (
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12:16pm: Crude recovers from 8-month low on weak dollar, but investors remain wary of global economic picture. (
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12:09pm: CNN/Opinion Research survey shows only 40% of Americans think the $700 billion plan was aimed at helping Main Street. (
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12:06pm: Drugmaker to pay $62 million to 32 states following lawsuits that focused on marketing of antipsychotic medication. (
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12:01pm: The good news: The money you've already made isn't going anywhere. The bad news: your plan's days are probably numbered. (
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11:54am: Despite the big shopping events coming up, store chains indicate that they aren't rushing into seasonal hiring. (
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10:53am: The manager of this year's top stock mutual fund -- and only one that's up in 2008 -- explains how to do well in a bear market. Hint: He bought yesterday. (
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10:51am: U.S. stocks are clobbered for the 2nd straight day, with Dow losing 500 points. Investor gloom persists. (
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10:47am: Okay, maybe not profit. Or even fun. But showing everyone that you're a Business Genius With Impeccable Taste? Most definitely. A tour of California wine country, the type-A rich person's second-career heaven. (
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10:25am: Agency seeks to double the average premium that banks, thrifts contribute, based on projected $40B loss to fund. (
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10:21am: The Federal Reserve unveiled a plan to buy up short-term corporate debt. The 3-month yield surges to near 1%. (
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10:10am: House panel chairman says executives got undeserved riches, while ex-CEOs blame accounting rules for leading to $85B bailout. (
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10:09am: Sullivan and Willumstad say insurance giant was forced into government protection largely because of rule-inspired writedowns. (
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10:03am: Dollar falls from 14-month high against euro, as talk of Fed action on interest rates increases. (
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10:01am: European Union more than doubles minimum deposit guarantee to €50,000 but falls short of France's proposal. (
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9:19am: Federal Reserve to buy loans crucial to business to unfreeze markets. (
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9:10am: Junk hauling and scavenging are growth businesses these days. (
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9:09am: Despite recent price slumps, government warns of spike in energy prices, especially fuel oil. (
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8:56am: Federal Reserve outlines schedule for bank auctions through the end of the year; will provide as much as $900B in cash loans to crimped banks. (
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8:47am: Abu Dhabi investors will increase stake to 19.3% in joint venture with microprocessor maker; another group investing $2.1B. (
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8:28am: Finance ministers increase guarantees for bank deposits as central banks inject cash to foster lending. (
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7:55am: 15-nation euro climbs back to $1.35 against dollar as ECB President Trichet calls for calm, pledges support along with EU leaders. (
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7:22am: Dow above 10,000 again on plan aimed at loosening credit for companies. (
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7:02am: The Federal Reserve may buy massive amounts of unsecured debt to unclog corporate pipelines. (
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5:57am: Crude prices rebounded modestly after plunging to an 8-month low amid worries about a global slowdown in demand. (
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5:36am: Analysts see gas prices falling further as crude prices plummet and hurricane season enters a lull. (
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4:38am: Europe flat, Nikkei sinks, Aussie stocks rise, Iceland moves to shore up its economy. (
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