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Ca-business Summary
hong kong (reuters) - asian stocks tumbled after a devastating day on wall street and hong kong became the latest economy to slash interest rates as pressure grew for a coordinated, global response to the biggest financial crisis since the great depression.
www.globeinvestor.com

Crowning Glory - Globe And Mail
whether or not you know anything at all about cars, you probably recognize ford's crown victoria. it's the killjoy that appears in your rear-view mirror when you're bombing down the highway on a sunny summer afternoon, or the welcome chariot that ...
www.theglobeandmail.com

Fed's New Arsenal Firing Blanks
u.s. central bank's expanded powers fail to calm markets
www.reportonbusiness.com

Fed's New Arsenal Firing Blanks - Globe And Mail
washington -- ben bernanke has successfully reinvented the u.s. central bank. but convincing americans that the historic overhaul will save the economy from ruin is proving to be a tougher sell for the u.s. federal reserve board chief. mr. bernanke ...
www.theglobeandmail.com

Stocks Tumble As Street Worries About Financials - Ksl.com
new york (ap) - the misery worsened on wall street tuesday, with stocks piling on losses late in the session and bringing the two-day decline in the dow jones industrials to more than 875 points amid escalating worries about credit markets and the ...
www.ksl.com

Ca-business Summary
toronto (reuters) - the toronto stock exchange's main index dropped nearly 4 percent on tuesday to end below the key 10,000 level for the first time in three years as fears that the credit crisis could balloon to a global recession prompted broad selling.
www.globeinvestor.com

Hl:the Canadian Press Business News Budget For Tuesday, Oct. 7, 2008@
business editors:@ here are canadian press business budget lines as of 10 p.m. et. plans may change as circumstances warrant. to contact canadian press business by e-mail, send messages to business(at)thecanadianpress.com.
news.ino.com

We're Not Headed For A Depression - Wall Street Journal
in order to promote a much smoother functioning of the financial system, it is paramount to distinguish between the immediate steps needed to cope with the present crisis and the long-run reforms needed to reduce the likelihood of future crises. let ...
online.wsj.com

Fed, Treasury, Fdic Take New Steps To Free-up Credit - Cnbc
the u.s. treasury department and the federal reserve took a major step to support strained commercial paper markets. as speculated, the central bank tuesday said it was creating a special facility to help the $1.7 trillion commercial paper market ...
www.cnbc.com

Fed's New Arsenal Firing Blanks
washington — ben bernanke has successfully reinvented the u.s. central bank. but convincing americans that the historic overhaul will save the economy from ruin is proving to be a tougher sell for the u.s. federal reserve board chief.
www.globeinvestor.com

Get Ready For A Long Ride
*** the crisis hits home…looky here, hedge funds are back in the news…and more!
news.goldseek.com

Here's What You Need To Know About The Financial-rescue Plan - Bloomberg
oct. 4 (bloomberg) -- legislation that the u.s. congress passed yesterday to stabilize financial markets would give the treasury almost complete discretion to buy $700 billion of mortgage-backed securities and other troubled assets obstructing ...
www.bloomberg.com

After The Bailout: What's Next? - San Francisco Gate
monday, october 6, 2008 maybe it was the dow's 777-point drop right after the house failed to pass the bush administration's massive $700 billion bailout bill. maybe it was just cooler heads prevailing in the end, as our washington representatives ...
www.sfgate.com

Top Scoops
overwhelming american communities with mortgage, auto and credit card debt as we shift manufacturing and research capacity, jobs and approximately $10 trillion of capital offshore-much of it by illegal means-has been the us economic strategy since ...
www.scoop.co.nz

Banking And Financial
on october 3, 2008, president bush signed the emergency economic stabilization act of 2008 (the "eesa" or the "act") into law.
www.mondaq.com

Boe In Dramatic Bank Lending Increase - Financial Times
the bank of england announced a dramatic increase in its three-month lending to british banks on friday, saying it was willing to offer cash against an even wider range of collateral in a bid to ease the strains in wholesale money markets. mervyn ...
www.ft.com

Freddie And Fannie Become Penny Stocks - Scoop
overwhelming american communities with mortgage, auto and credit card debt as we shift manufacturing and research capacity, jobs and approximately $10 trillion of capital offshore-much of it by illegal means-has been the us economic strategy since ...
www.scoop.co.nz

Global Markets Dive, Europe Wrestles Over Common Tactic
new york, oct 7 : a frantic global sell-off sent stock indices haemorrhaging to multiple-year lows and shut down markets in russia and brazil as the financial crisis swept from the us across europe.
www.newkerala.com

Dow Down 370 After Volatile Session
wall street reeled again monday. rising fears over frozen credit triggered a record sell-off that sent the major indexes into an afternoon free fall. large declines on global stock markets deflated the dow jones by a single-day record 800 points just after midday.
www.rnews.com

Mccain Goes On The Offensive - Us News And World Report
amid steadily worsening economic news, and with sen. barack obama opening a lead in national polls, the presidential campaign has taken a markedly negative turn as sen. john mccain increases his attacks on obama. the new york times reports in a front ...
www.usnews.com