2:22pm: Consumers could bear the brunt of consolidation in the banking industry. (more)
1:51pm: Experts warn that the credit freeze combined with slumping sales - and a likely dismal Christmas season - will force out many more retailers in 2009. (
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1:45pm: The plans for a massive bank bailout by European governments differ strikingly from the U.S. approach. (
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1:43pm: The $150B plan, similar to one rejected by Senate, would help states pay for healthcare, food stamps and unemployment. (
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12:48pm: Stocks surged Monday on hopes that the worst of the credit crisis may be over. Too bad someone forgot to invite bank stocks to the party. (
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12:46pm: Crude prices end their losing streak after Europe, the UK, and U.S. move to pump billions into financial institutions. But experts warn the worst may not be over. (
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11:55am: As more details emerge in the plan to rescue the U.S. financial system, questions still loom about the ins and outs of the $700 billion enterprise. (
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11:44am: Government efforts to stabilize financial system help buoy the greenback's trading partners. (
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11:36am: European nations outline lending guarantees as world leaders scramble for solutions. (
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11:30am: Pennsylvania-based thrift reports 'advanced discussions' of possible combination with Banco Santander. (
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10:59am: Dow jumps 936 points in biggest point gain ever. The Dow, S&P and Nasdaq all gain over 11%. (
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10:57am: 1,200 workers were told the SUV factory will shutter in December, as sales of its GMC Yukon, Chevrolet Tahoe and Suburban plummet. (
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10:37am: Even with the market tanking, business is good for this high-end security firm: It's gunning for more growth. (
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9:41am: In Oklahoma, a smalltime oil entrepreneur makes the play of his life. (
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9:40am: Directional drilling was developed in 1929, but horizontal oil drilling became cost-effective and technically feasible only about five years ago. (
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8:51am: Finance Ministry says banks will have access to 'stabilization fund' through 2009. (
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8:49am: 3-month interbank lending rate retreats modestly, but still at high levels as unease over the crisis prevails. (
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8:37am: Embattled Wall Street firm completes deal with Japanese bank, getting $9 billion in exchange for 21% stake; stock stages huge rally. (
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8:17am: Treasury official outlines plans - including equity stakes and purchase of assets. Wall St. chiefs to meet with officials Monday. (
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7:49am: Fed to offer dollars to Bank of England, European Central Bank and Swiss National Bank to lend to private banks. (
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7:35am: It's not what the candidates say they'll do if you put them in the White House. It's what they will do for your money once they get there. (
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7:24am: The New York Times columnist, Princeton professor and Bush administration critic awarded for theory on free trade and globalization. (
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7:03am: Crude prices bounce back after slipping below $80 a barrel last week; gas, heating oil follow. (
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6:52am: Yes, super-hero movies are big. But another business that's booming for Marvel? Old-fashioned publishing. (
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6:45am: Sometimes having the right manager is more important than picking the right investment category. (
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6:35am: Be as cynical as you want, but Bernanke & Co. really have learned from history - and they have plenty of options left. (
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5:39am: Dow rallies 400 points as investors cheered the global response to the crisis. (
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5:01am: Central banks around the world agreed to provide unlimited short-term funds in an effort to thaw the frozen credit markets. (
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4:47am: The U.K. government said it would inject billions of capital in three of the country's major banks. (
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