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Bernanke: Economic outlook weaker
Bernanke: Economic outlook weaker
2:43pm: Fed chairman says financial crisis will keep economy weak into next year and hints at future rate cuts; says recent actions by Fed, Treasury should help economy recover. more
Alcoa earnings drop 52%
5:02pm: The aluminim producer misses third-quarter profit expectations and blames sharply lower prices, weaker demand, and higher costs for the gap. more
AIG's ex-CEOs blamed for crisis
3:46pm: House panel chairman says executives got undeserved riches, while ex-CEOs blame accounting rules for leading to $85B bailout. more
Morgan Stanley plunges
3:47pm: Rumor spreads that Mitsubishi may pull out of plan to buy Morgan stake. Stock sinks more than 20%. Morgan denies rumor and says deal on track to close soon. more
Borrowing falls, 1st time since '98
4:54pm: Government report shows consumer credit decreased in August, a sign of the weak economy.  more
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