Stocks decline on bailout doubt, WaMu failure

Date: Fri, 26 Sep 2008 12:03:04 -0400
Stocks decline on bailout doubt, WaMu failure

U.S. stock indexes follow energy and financial stocks lower as President
Bush renews his push for passage of his hotly debated rescue plan in the
midst of the nation's largest bank failure on record.
Bush vows financial rescue plan will be passed

President Bush says his administration and lawmakers will complete a
rescue plan for the nation's battered financial markets despite
simmering differences between congressional Republicans and Democrats
over the $700 billion package.

Research In Motion sinks on disappointing forecast

Shares of Research In Motion tumble more than 20% in premarket trading
after the company reports a surge in second-quarter earnings but spooks
investors worried about its growing expense line.

Central banks scramble as money-market tensions mount

The world's central banks take fresh steps aimed at avoiding a collapse
of the crucial interbank lending market as nervous banks remain
reluctant to lend to each other.