Citi Weighs Options, Including Firm's Sale
Citigroup began weighing the possibility of auctioning off pieces of the company or even selling itself outright. Shares fell a further 26%.
(read more)Market's Fall Deepens
The Dow industrials fell 444.99 points, or 5.6%, to 7552.29, while the S&P 500 slid 6.7%, breaching its low from the last bear market. Investors fled to the safest securities, driving up Treasury prices to record levels. Financial stocks continued their freefall.
(read more)Big Three Head Home Empty-Handed
Congressional efforts to rescue Detroit's auto makers collapsed, with lawmakers saying the industry lacked credible plans to return to profitability.
(read more)Dell's Profit, Sales Decline
Dell's quarterly net income fell 5.1% on lower demand, a trend the giant PC maker expects will continue. Revenue fell 3% to $15.16 billion.
(read more)Gas Prices Spiral Down to Near $2
The sudden reversal in oil and gasoline prices is bringing relief to some and complicating business for others.
(read more)Fannie, Freddie Halt Foreclosures
Fannie and Freddie suspend foreclosure sales and evictions on certain properties until January as it prepares for its loan-modification program. (Statements)
(read more)Goldman's Gold Standard Is Less Golden
Goldman's shares fell below the $53 price where they were first sold to the public. The stock is down 75% this year.
(read more)Treasury Will Help Liquidate Fund
Treasury said it will help liquidate an offering from Reserve Management, in a move to calm money markets.
(read more)Electric-Car Network Planned
A start-up plans a $1 billion network to charge electric cars around San Francisco as part of a broad push into the U.S.
(read more)Google Lets Users Edit Search
Google has begun allowing users to re-rank and edit their search results through a new set of personalization features.
(read more)J.P. Morgan Pares Staff Yet Again
J.P. Morgan Chase began handing out pink slips to employees in its investment bank.
(read more)Jobless Claims Surge
The number of U.S. workers filing new claims for unemployment benefits soared again last week to its highest level in 16 years.
(read more)Before the Bust, These CEOs Reaped Big Gains
In industries at the center of the financial crisis, plenty of top officials have emerged with big fortunes. Fifteen CEOs of large home-building and financial-services firms each reaped more than $100 million during the past five years.
(read more)GE, GIC Weigh Joint Projects
GE is in early talks with the Government of Singapore Investment Corp. for possible joint investments.
(read more)Swiss Rate Cut Adds Pressure on ECB
Switzerland's central bank cut its key rate by a percentage point, adding pressure on the ECB to accelerate the pace of its own rate cuts.
(read more)Ballmer Kills Hopes for Yahoo Bid
Steve Ballmer said Microsoft remains "very open" to acquiring Yahoo's search business but has "moved on" from past efforts to acquire all of the Internet company. Yahoo shares plunged 21%.
(read more)Gas Prices Spiral Down to Near $2
The sudden reversal in oil and gasoline prices is bringing relief to some and complicating business for others.
(read more)Only a Buyer Knows Home's Value
The one point of widespread agreement in the real-estate industry is that there is no single accurate index of home prices.
(read more)Mukasey Collapses During Speech
Attorney General Michael Mukasey collapsed while giving a speech on national security to a prominent Republican lawyers' organization. The state of his health is unknown.
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