Examiners with the Federal Reserve have questioned Wall Street counterparties about their exposure to debt and other holdings of Citadel Investment Group.

Oil’s boom is now a whimper, as demand slows and prices that once shattered records plunge. The price of oil has dropped by half in just three months

IMF Clears Strauss-Kahn of Wrongdoing in Affair With Staffer. International Monetary Fund kicked its chief of any wrongdoing in connection with his relationship with a female employee.

ASEM Summit calls for global economy rules for financial system and International Monetary Fund. Asian and European leaders met Saturday for the second day of their biennial summit after calling for new rules for the world’s financial system and a larger role for the International Monetary Fund.

Sony Slashed Annual Profit Forecast on Japanese Yen’s Gains Against Euro. News on Oct. 23 with Technology Business — Sony Corp., the world’s second- largest maker of consumer electronics, slashed its annual profit forecast by 38 percent, citing the stronger yen and a reduced value of stock holdings.
Net income for the year ending March 31 [...]

Dow Jones Industrial Average lowers with global economicla recession: Dow Jones plunges over 500 points as earnings rattle investors, analysts blame sell-off on economic recession.
The 5.7% drop is the index’s biggest loss since last week’s 733-point decline. Analysts blame the sell-off on concerns about a deep recession.
Any hope that improvements in global credit markets would [...]

Ben S. Bernanke, Federal Reserve Offers Cautious Support for Stimulus Package. The chairman of the Federal Reserve, Ben S. Bernanke, said on Monday he supported a second round of additional spending measures to help stimulate economy.

Global stocks fall sharply, Dow Jones industrial average plummets nearly 8%, Asian markets deteriorate on recession fears. Dow’s 730 point plunge spooks investors as concerns about a painful recession grow.
News from NEW YORK - Stock markets in Asia and the Pacific fell sharply on Thursday, a day after U.S. markets were pummeled by growing fears [...]

Market Meltdown: Stocks Seek Financial Rescue from G7, Dow Jones Industrial Average Urgent. U.S. stocks will enter next week with investors either comforted or disappointed by the meeting of the Group of Seven finance ministers and central bankers, who have gathered in Washington D.C. to address the global financial meltdown and its implications for the [...]

Seven Rich Nations Pushing for Joint Financial Rescue as Wall Street Collapses. But we have news from WASHINGTON — The United States and six other nations that are among the world’s richest agreed on Friday to a coordinated plan to rescue the financial industry, but fell short of offering concrete steps to backstop bank lending [...]