G-7 Nations Heads Commit to All Necessary Steps to Stem Global Meltdown: Group of Seven finance chiefs, meeting after stocks plunged and as a global recession looms, vowed to prevent the failure of vital banks while failing to unveil new initiatives for thawing credit markets.
“The current situation calls for urgent and exceptional action,” the finance [...]

President Bush Says U.S. Using Wide Range of Tools on Financial Crisis. The news are as following: President George W. Bush said the U.S. government will “aggressively” use a “wide range of tools” to help stabilize markets and resolve the financial crisis.
“The United States government is acting; we will continue to act to resolve this [...]

Morgan Stanley, Goldman Sachs May Reap Cash Infusions, Receive Investment From U.S. Treasury: Morgan Stanley and Goldman Sachs Group Inc., the biggest independent U.S. investment banks, may reap cash infusions as part of Treasury Secretary Henry Paulson’s plan to buy stakes in financial institutions, investors said.
Paulson, in a statement yesterday, said the U.S. will purchase [...]

Morgan Stanley to Secure Financial Lifeline from Japanese Bank Just As Stock Falls. Morgan Stanley was racing on Friday to secure its financial lifeline from a big Japanese bank as confidence in the embattled Wall Street bank continued to erode.
Shares of Morgan Stanley declined 22 percent, to $9.68 Friday. They closed at $23.92 Oct. 3 [...]

Wall Street Markets Crisis: Give us a financial help that works. If Wall Street wanted to keep the pressure on world leaders for another huge government-led bailout of the global financial system, maybe the rally in the final hour today wasn’t the right strategy.
Nonetheless, hope for a rescue that will finally turn the tide helped [...]

Black Friday on Wall Street? Markets brace for worse, and cry for help. If ever there was a setup for a Black Friday on Wall Street, this is it.
We can hope it doesn’t happen. But better that investors are realistic about the risks. Global markets and the world economy are at a dangerous point in [...]

Dow Jones Industrial Average swung in a range of more than one thousand points on an intraday basis. The blue-chip gauge had dropped sharply in early trading, falling nearly 700 points and dropping through the 8000 level for the first time in five years. But stocks quickly came off their lows, and by the afternoon [...]

Stocks jumped with Dow surging 420 points after Federal Reserve cut the fed funds rate
Dow spikes 420 points on rate cut. Wall Street surges, with blue-chip indicator seeing its best day in 5-1/2 years as investors hail central bank decision to cut rates by 3/4 of a percentage point.
Stocks jumped Tuesday, with the Dow surging [...]

Stock markets across Asia rose after Federal Reserve interest rate cut and forecast-beating results
Asian stocks higher on Fed rate cut, US banks’ earnings. Stock markets across Asia rose Wednesday after the Federal Reserve’s interest rate cut and forecast-beating results for US investment banks eased worries about the worsening global credit crisis.
Banks across the region posted [...]