European, Asian markets plunge on crisis fears

ASSOCIATED PRESS

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.By midafternoon Europe time, Britain's benchmark stock index, the FTSE 100, lost 245.70 to 4,734.55 - a 4.93 percent fall. HBOS PLC's share price dropped 13.4 percent, while the Royal Bank of Scotland Group PLC fell 14.6 percent. Read more

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Dow drops more than 200 in early trading

ASSOCIATED PRESS

NEW YORK - Stock prices are sharply down in early trading, following the lead of other markets around the globe. The Dow Jones Industrial Average was down 218 points in today's early going. The Nasdaq Composite Index is off 48 points and the... Read more

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Ex-CIA Agent Ken Moskow; Died Atop Mount Kilimanjaro

THE WASHINGTON POST

Ken Moskow, a 48-year-old former CIA agent who worked in counterterrorism after the Sept. 11, 2001, terrorist attacks, died of the effects of altitude sickness Sept. 19 while climbing 19,000-foot... Read more

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Deadline Near to File Taxes, Get Checks

CHICAGO TRIBUNE

The deadline for nearly 153,000 Illinois residents to file their 2007 income tax returns and receive economic stimulus payments is approaching. State officials say most of the people are... Read more

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UBS lowers China 2009 GDP growth forecast to 8 percent

REUTERS

BEIJING (Reuters) - UBS on Monday lowered its forecast for China's gross domestic product growth in 2009 to 8.0 percent from 8.8 percent, citing a much weaker global growth outlook and forecasts of... Read more

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As Suitors Fight Over Wachovia, Fed Tries for Deal

THE WASHINGTON POST

A high-stakes battle over who will gain control of the nation's fourth-largest bank intensified over the weekend, with the Federal Reserve acting as a go-between in the pursuit of Wachovia by both Citigroup and Wells Fargo. Wachovia agreed Friday... Read more

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Fed to boost auctions, pay interest on reserves

REUTERS

WASHINGTON (Reuters) - The Federal Reserve on Monday announced a series of steps to funnel massive amounts of liquidity through clogged credit markets, including boosting the sizes of cash auctions... Read more

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Ahead of the Bell: Vulcan Materials downgraded

ASSOCIATED PRESS

NEW YORK - A Goldman Sachs analyst downgraded Alabama-based construction materials supplier Vulcan Materials Co. on concerns a recent share price rally was overdone and company fundamentals are... Read more

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Jimmy Kimmel returns as American Music Awards host

ASSOCIATED PRESS

NEW YORK - Jimmy Kimmel is coming back to provide more laughs for the American Music Awards. The comedian and talk show host is slated to host the annual event on Nov. 23 live from Los Angeles on... Read more

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Market Relief

THE BALTIMORE SUN

The people Rep. Elijah E. Cummings heard from, and there were many, wanted to know one thing - how would the $700 billion financial rescue plan help them? The neighbor in West Baltimore had a... Read more

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Small Businesses on LI Adjust During Sour Economy

NEWSDAY

Oct. 6--For Greg Bavaro, the owner of Garden City Pizza and Catering, the tough economy has meant tough choices. Earlier this year, he raised his prices 20 percent, the first increase in four... Read more

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The Week Ahead

CHICAGO TRIBUNE

By Tribune staff What will the markets follow next? With the financial bailout bill signed, Wall Street may return to a more even keel after a week that saw the Dow Jones industrials'... Read more

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U.S. Markets Sharply Lower

UNITED PRESS INTERNATIONAL

U.S. stock indexes were sharply lower Monday in spite of the $700 financial bailout bill enacted last week. Trouble in foreign banks appeared to be picking up steam. Ireland and Germany moved to... Read more