U.S. stocks tumble as global crisis persists

Date: Mon, 06 Oct 2008 12:03:13 -0400
U.S. stocks tumble as global crisis persists

Stocks tumble, sending the Dow industrials below the 10,000 mark for the
first time in nearly four years, as last week's $700 billion bailout
package and government interventions in Europe over the weekend fail to
soothe nervousness in global markets.

Futures Movers: Crude futures fall below $90 on economic worries

Worries over the health of the global economy send crude-oil futures
tumbling, with the benchmark contract breaking below $90 a barrel.

Fed, Treasury announce new steps to aid markets

The Federal Reserve and the Treasury Department announce new steps to
deal with the continuing turmoil in financial markets.

Economic Report: U.S. to recover in spring, economists' group says

The U.S. economy will recover from the current recession in the second
quarter of next year, assuming the credit squeeze in global financial
markets improves gradually, according to a survey o by the National
Association for Business Economics.

Wells Fargo wins court rulings over Citi in Wachovia fight

Wells Fargo says its takeover agreement with Wachovia will go forward,
as an appellate court overturns an earlier decision to block its
acquisition of Wachovia in favor of rival bidder Citigroup, and as a
report says the Federal Reserve may seek to broker a deal.