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Dow drops more than 350 on worries on financials
Oct 7 2008, AP

Wall Street sank further Tuesday, extending its heavy losses as enthusiasm over Federal Reserve efforts to inject confidence into credit markets gave way to concerns about financial companies’ balance sheets. Trading remained fractious, with the Dow Jones industrial average losing nearly 400 points and all the major indexes falling well over 3 percent.

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Ex-Minn. legislator Allan Spear, gay pioneer, dies
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Allan H. Spear, a former Minnesota state senator who was one of the nation’s first openly gay legislators, has died. He was 71.
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Ex-legislator Allan Spear, gay Minn. pioneer, dies
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Allan H. Spear, a former Minnesota state senator who was one of the nation’s first openly gay legislators, has died. He was 71.
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Chowdown champ Joey Chestnut has done it again _ this time proving he’s a pizza powerhouse.
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An animal welfare official says a wayward manatee that was rescued from cold Cape Cod waters died on the way home to Florida.
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Chicago cop once jailed in Iowa celebrates release
AP, Chicago
A Chicago policeman went for his first motorcycle ride since being released from an Iowa prison, only to be pulled over _ by officers who wanted to congratulate him.
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Soros slams US, EU leaders for 'slow' response
AP, Washington
Outspoken billionaire investor George Soros on Sunday criticized U.S. and European officials for taking too long to effectively address the financial crisis.
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NY grave of 1st Ellis Island immigrant gets marker
AP, New York
The New York grave of an Irish woman who was the first immigrant to pass through Ellis Island has been marked with a Celtic cross.
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Final hour of trading keeps Wall Street on edge
AP, New York
The chaotic hour before Wall Street’s closing bell has never been for the faint of heart. These days, it’s been absolutely brutal.
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Biden decries 'unbecoming personal attacks'
AP, Scranton
Democratic vice presidential candidate Joe Biden says the McCain campaign is trying to distract Americans from their economic woes by launching “unbecoming...
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World Bank to protect poor from economic turmoil
AP, Washington
The World Bank agreed Sunday to help developing countries strengthen their economies, bolster their financial systems and protect the poor against the financial turmoil...
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Investors face more uncertainty as bailout widens
AP, New York
Investors agonizing over whether the stock market is bottoming out or about to continue its precipitous decline face more uncertainty this week as they await action on...
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McCain vows to whip Obama's 'you know what'
AP, Arlington
Republican John McCain vowed Sunday to “whip” Democratic rival Barack Obama’s “you-know-what” when the two presidential candidates meet...
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NYC Council speaker supports term-limit law change
AP, New York
The speaker of the New York City Council says she supports Mayor Michael Bloomberg in his bid to stay in office for a third term.
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Forecasters: Tropical Storm Nana forms in Atlantic
AP, Miami
Forecasters at the National Hurricane Center in Miami say Tropical Storm Nana has formed in the eastern Atlantic, but predict it will weaken to a tropical depression by...
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World Bank to protect vulnerable countries
AP, Washington
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GOP frets about McCain's strategy, prospects
AP, Indianapolis
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'Chihuahua' fetches $17.5M, remains top movie dog
AP, Los Angeles
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Atlanta Jews remember 'bomb that healed'
AP, Atlanta
The bombing of a prominent Atlanta synagogue in 1958 claimed no lives, but the community outrage that it prompted helped galvanize the city’s nervous Jewish...
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Ithaca, NY, wants to be America's 1st podcar city
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Banks borrow record amount from Fed
AP, Washington
Banks borrowed in record amounts from the Federal Reserve’s emergency lending facility over the past week, while investment firms drew slightly less.
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made popular Oct 9 2008
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New AIG loan renews concerns over insurer's health
AP, New York
Concerns about the health of American International Group Inc. were renewed Thursday, a day after the insurance giant said it would receive an additional $37.8 billion...
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made popular Oct 9 2008
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Rate cut loosens credit only at the margins
AP, New York
The credit markets might not be quite as squeezed as they have been recently, thanks to the Federal Reserve’s interest rate cut. But they’re hardly back to...
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Interbank rates still high after rate cut
AP, New York
The Federal Reserve’s interest rate cut failed to pull down bank-to-bank lending rates Thursday, and the amount of commercial paper in the market fell for the...
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Gold prices jump above $900 after Fed cuts rates
AP, New York
Gold prices shot up above $900 an ounce Wednesday after the Federal Reserve slashed its key interest rate, undercutting the dollar and boosting demand for hard assets...
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made popular Oct 8 2008
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Fed grants AIG $37.8 billion loan
AP, Charlotte
The Federal Reserve on Wednesday agreed to provide insurance giant American International Group Inc. with a loan of up to $37.8 billion, on top of one made to the...
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Meltdown 101: How can the Fed's rate cut help?
AP, Washington
Will U.S. consumers benefit from the interest rate cuts announced Wednesday by the Federal Reserve and several other countries’ central banks?
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Credit markets see a few, tentative signs of thaw
AP, New York
The squeezed credit markets saw just a few hints of easing on Wednesday after the Federal Reserve slashed the target fed funds rate by a half-point to 1.5 percent.
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Stocks zigzag, end lower after emergency rate cut
AP, New York
Wall Street has tried but failed to find some stability from an interest rate cut by the Federal Reserve and other big central banks. Stocks wavered throughout the day,...
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Signs of thaw in credit markets are few
AP, New York
The squeezed credit markets saw just a few hints of loosening on Wednesday after the Federal Reserve slashed the target fed funds rate by a half-point to 1.5 percent.
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McCain and Obama support cut in interest rates
AP,
Statements by presidential candidates Republican John McCain and Democrat Barack Obama on the Federal Reserve’s action Wednesday to cut interest rates.
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Stocks fall as rate cut fails to calm investors
AP, New York
Wall Street is down again after a rate cut by the Federal Reserve and other central banks failed to calm investors worried about stagnant credit markets.
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US retains top spot in competitiveness poll
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The U.S. still has the world’s most competitive economy, despite the recent turmoil that has seen some Wall Street giants tumble and others turn to the Federal...
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Dollar falls as central banks cut interest rates
AP, New York
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Fed, central banks cut rates to aid world economy
AP, Washington
The Federal Reserve, acting in coordination with other global central banks, cut a key U.S. interest rate by half a percentage point Wednesday to steady a teetering...
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Fed orders emergency rate cut, other banks follow
AP, Washington
The Federal Reserve, acting in coordination with other global central banking authorities, cut a key U.S. interest rate by half a percentage point Wednesday to steady a...
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US stock futures turn higher on rate cut
AP, New York
Wall Street turned around early Wednesday, with stock index futures rising in response to emergency interest rate cuts by the Federal Reserve and other central banks....
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Fed slashes interest rate by half percentage point
AP, Washington
The Federal Reserve has cut a key interest rate by half a percentage point, striving to steady the reeling financial markets just days after President Bush signed a...
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US stock futures turn sharply higher on rate cut
AP, New York
Wall Street has turned around sharply with stock index futures shooting higher in response to an emergency half-point interest rate cut by the Federal Reserve.
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Fed orders emergency rate cut to 1.5 percent
AP, Washington
The Federal Reserve has ordered an emergency interest rate cut of a half a percentage point to cope with the worst financial crisis since the 1929 stock market crash.
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made popular Oct 8 2008
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Bear Stearns bonds Business credit crisis Fed interest jones New York North America rates stocks street treasury U.S. U.S. Economy United States wall Wall Street Washington
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