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Christopher Dodd and Charles Schumer of the Senate Banking Committee in Washington.
Joshua Roberts/Reuters
Christopher Dodd and Charles Schumer of the Senate Banking Committee in Washington.
By ANDREW ROSS SORKIN AND STEPHEN LABATON
Senate Democrats on Monday put forward their version of the rescue plan, including a bold addition aimed at helping homeowners at risk of foreclosure.
MARKETS
By MICHAEL M. GRYNBAUM
Uncertainty, about a shaken financial system still in flux, appeared to spook investors away from assets tied directly to the health of the American government.
By VIKAS BAJAJ, JENNY ANDERSON AND LESLIE WAYNE
Even as policy makers worked on details of a $700 billion bailout, Wall Street began looking for ways to profit from it, with lobbyists for financial companies pushing to have all manner of troubled investments covered, not just those related to mortgages.
By DAVID M. HERSZENHORN, STEPHEN LABATON AND MARK LANDLER
As congressional Democrats began to set their own terms for a plan to rescue U.S. financial institutions, President George W. Bush Monday sought to convey a sense of urgency.
By JAD MOUAWAD
Oil prices posted their biggest one-day gain on Monday, jumping more than $25 a barrel as investors dashed into commodities on concerns about the government's plan to bail out the financial system.
By CARTER DOUGHERTY AND MATTHEW SALTMARSH
German chancellor Angela Merkel criticized U.S. "standards" for regulation of the financial sector.
The German chancellor, Angela Merkel, also sharply criticized the United States and Britain for opposing greater regulation last year.
By CARTER DOUGHERTY
Unlike the current Treasury proposal, Sweden didn't just bail out its financial institutions. It also clawed its way back by punishing bank shareholders before the state started writing checks.
By NELSON D. SCHWARTZ AND CARTER DOUGHERTY
The American bailout plan may expand to include foreign banks, a move that could raise its cost and intensify scrutiny by Congress and critics.
By DAVID M. HERSZENHORN, STEPHEN LABATON AND MARK LANDLER
The Treasury Secretary Henry Paulson Jr. appearing on CBS on Sunday.
A week of intense negotiation is expected as congressional Democrats said they wanted greater oversight of the Treasury, among other measures.
By LANDON THOMAS JR.
Hedge funds, which typically thrive in volatile markets, are on course for their worst year on record.
By DMITRY SERGEYEV AND MELISSA AKIN / Bloomberg News, AP
Mikhail Prokhorov is Russia's fifth-richest man, with a fortune of $22.6 billion, and made his fortune in metals, banking and media.
Mikhail Prokhorov has agreed to acquire half of Renaissance Capital for $500 million after the credit squeeze led to a plunge in the country's financial stocks.
By DAVID BARBOZA
A boy waited for a checkup at a Hong Kong hospital Monday as the Chinese crisis grew.
The resignation of Li Changjiang, head of the General Administration of Quality Supervision, Inspection and Quarantine, was announced Monday amid a tainted milk scandal.
Reuters
Italian ENAC civil aviation authority director Vito Riggio, center, and other aviation executives meeting with Alitalia administrator Augusto Fantozzi, right, in Rome on Monday.
Italian aviation authorities could withdraw Alitalia's license in 3 to 4 days if the administrator making a last-ditch attempt to sell it does not present emergency cost-cutting measures.
MEDIA
By RICHARD PÉREZ-PEÑA
"We're very careful not to throw words around like 'meltdown' and 'free fall,'" one TV news correspondent said.
Bloomberg News
The $40 billion share repurchase reflects a death of big takeover targets in the industry, analysts say.
Reuters
A selection of common drugs made by Zentiva. Sanofi's purchase of Zentiva moves it deeper into generic drug manufacturing.
The purchase of Zentiva for €1.8 billion will help the French drug maker tap into booming emerging markets.
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Auto executives fear Chrysler may not survive the financial crisis amid the credit crunch facing corporate Ame...
GE's restructuring unit says retail, casual dining and plastics and packaging companies are in danger of defau...
U.S. stocks were headed for sharp losses on Monday on jitters about the historic $700 billion bank bailout pla...
Germany's finance minister said that G7 states welcomed the $700 billion U.S. bailout plan, but said their sit...
Designers meet in London to show how sustainability and environmental issues are re-shaping their work.
One of the most talked about devices at this year's photokina fair in Cologne promises to be the world's first...
One of the most talked about devices at this year's photokina fair in Cologne promises to be the world's first...
Morgan Stanley and Goldman Sachs give up their status as investment banks to protect them from the storm that ...
An unprecedented 700 billion dollar bank bailout plan lifts investors spirits. Chinese shares soar.
Japan's ruling party elected Taro Aso as its leader Monday, setting the stage to become the nation's third pri...
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