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Reports: Wachovia In Talks With Potential Buyers

Posted: 09/29/2008 - At least two major banks are reported in talks to buy Wachovia, the latest U.S. bank to be the focus of investor anxiety over mounting losses tied to toxic assets.

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Oil Falls In Asia On Global Slowdown Fears

Posted: 09/29/2008 - Oil prices fell Monday in Asia to below $106 a barrel on concern that economic growth will slow across the globe despite a tentative agreement in Washington on a US$700 billion financial bailout package.

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Stocks Suffer Through Down Week

Posted: 09/29/2008 - The 700 billion dollar bailout deal waiting to be voted on in Washington doesn't seem to be convincing Asian traders.

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Chrysler To Dismiss 250 Workers Starting Friday

Posted: 09/26/2008 - Chrysler says it will fire about 250 salaried workers by the end of the month as the automaker tries to meet its goal of cutting 1,000 white-collar jobs.

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JPMorgan To Buy WaMu Deposits, Branches

Posted: 09/26/2008 - JPMorgan Chase has bought the assets of Washington Mutual's banking operations after federal regulators seized the ailing thrift.

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Crude Heads Lower

Posted: 09/26/2008 - Oil prices fell Friday in Asia to below $107 a barrel on investor concern about faltering negotiations on financial bailout legislation in Congress.

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Iraq, Shell To Sign Gas Deal

Posted: 09/22/2008 - Iraq's Oil Ministry says it will sign a gas deal with Royal Dutch Shell today (Monday).

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Ford, Dow Execs To Announce National Summit In '09

Posted: 09/22/2008 - Amid a shaky economic climate, leaders from Ford and Dow are expected to unveil plans for a convention next year in Detroit to mull over the future of manufacturing, technology, energy and the environment.

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Options Honchos Decry SEC's Short-Selling Ban

Posted: 09/22/2008 - The leaders of two of the world's largest options trading and clearing entities are criticizing the Securities and Exchange Commission's emergency ban on short-selling scores of financial stocks.

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Bernanke Testimony, Reports This Week

Posted: 09/22/2008 - Federal Reserve Chairman Ben Bernanke will have three days of scheduled testimony before members of Congress this week.

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Stocks End Week With Moonshot Rally

Posted: 09/22/2008 - It was a week that Wall Street that will long remember, beginning with the failure of Lehman Brothers and capped with the government's rescue plan.

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Mutual Fund Protection Changed

Posted: 09/22/2008 - The Bush administration is making a significant change to its still-evolving plan for rescuing the financial industry.

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