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• World markets plunge on fears of growing crisis
LONDON - Asian and European stock markets plunged Monday as government bank bailouts in the U.S. and Europe failed to alleviate fears that the global financial crisis would depress world economic growth. Investors took scant comfort from Washington ...
• Dow dips below 10,000, a first since Oct. 2004
That's caused stocks to plunge in the U.S., Europe and Asia, and drove investors to sink money into the relative safety of U.S. government debt. Fears about a global recession also caused oil to drop below $90 a barrel; and the benchmark index that ...
• Oil hovers around $90 as financial woes spread
Significant gains by the U.S. dollar against the euro also contributed to slumping oil prices. By midafternoon in Europe, light, sweet crude for November delivery was down $2.68 to $91.20 a barrel in electronic trading on the New York Mercantile ...
• Former Goldman exec to run financial rescue
Over the weekend, governments across Europe rushed to prop up failing banks. The German government and financial industry agreed on a $68 billion bailout for commercial-property lender Hypo Real Estate Holding AG, while France’s BNP Paribas agreed ...
• Jim Cramer: Time to get out of the stock market
One thing is certain — they are, in Europe, behind us,” Cramer told Curry. “We’ve experienced more pain than they have, we are surprised at their pain, we didn’t know how bad off they were.” He called the U.S. government’s $700 billion ...