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Dow plummets record 777 as financial rescue fails

AP | TIM PARADIS | Posted 05.25.2011 | Business

NEW YORK — The failure of the bailout package in Congress literally dropped jaws on Wall Street and triggered a historic selloff _ including a t...

Truth and Consequences

Murray Fromson | Posted 05.25.2011 | Media
Murray Fromson

At a time when the U.S. economy seemed to be going into the tank, the question no one seemed to be asking the past two weeks was what about the press....

Dow Plunges 240 Points

AP | TIM PARADIS | Posted 05.25.2011 | Business

NEW YORK — Stocks sank in light trading Monday as worries about American International Group Inc. touched off broader concerns that the deterior...

Wall Street Tanks On Weak GDP, Jobless Data

AP | TIM PARADIS | Posted 05.25.2011 | Business

NEW YORK — Wall Street sank Thursday, after weak readings on economic growth and the job market touched off renewed concerns about the financial...

Dow Falls Almost 240 Points

AP | TIM PARADIS | Posted 05.25.2011 | Business

NEW YORK — Wall Street again surrendered to investors' anxiety about the financial sector Monday, sending the Dow Jones industrials down 240 poi...

Dow Enters Bear Market, Oil Hits New Record

AP | TIM PARADIS | Posted 05.25.2011 | Business

NEW YORK — Wall Street resumed its sell-off Wednesday after oil hit a new record and a bearish analyst report renewed concerns that General Moto...

First Half Of 2008 Worst Start For Dow In Nearly Four Decades

Reuters | Jennifer Ablan | Posted 05.25.2011 | Business

The worldwide credit crisis that burst onto investors' radar screens nearly a year ago wiped out some $3.3 trillion in wealth from global stock market...

Stocks rise and Dow crosses 13,000 as dollar advances

AP | MADLEN READ | Posted 05.25.2011 | Business

NEW YORK — Wall Street shot higher Thursday as investors, while anticipating another dismal jobs report Friday, viewed the rising dollar and fal...

Good News? What A Surprise!

Fortune's Stanley Bing | Posted 05.25.2011 | Business
<i>Fortune</i>'s Stanley Bing

Wasn't everybody pretty surprised by this stagflationary recesso-depression? The banks! The lenders! The real estate brokers! Everybody, I guess, but the financial media that's paid to scare people.

Stocks Fall Sharply Following GE Results

AP | TIM PARADIS | Posted 05.25.2011 | Business

NEW YORK — Wall Street stumbled Friday after a disappointing first-quarter report from General Electric Co. surprised the market and stoked conc...

World Stock Markets Rally

AP | LOUISE WATT | Posted 05.25.2011 | Business

LONDON — Asian stocks surged, Europe extended its gains and Wall Street was poised to rally once more Wednesday amid a growing belief that the w...

Stocks Gain on Last Day of Quarter

AP | TIM PARADIS | Posted 05.25.2011 | Business

NEW YORK — Wall Street managed a moderate gain in the final session of a dismal first quarter Monday, but stock prices and the major indexes sti...

JPMorgan Raises Bear Purchase Price

AP | JOE BEL BRUNO | Posted 05.25.2011 | Business

NEW YORK — JPMorgan Chase & Co.'s higher offer for Bear Stearns on Monday gave the investment bank control of nearly 40 percent of its ailing ri...

Stocks Soar, Dow Rises 420 Points

AP | MADLEN READ | Posted 05.25.2011 | Business

NEW YORK — Wall Street stormed higher Tuesday as investors, optimistic following stronger-than-expected earnings from two big investment banks, ...

Stocks Decline After Huge Rally

AP | TIM PARADIS | Posted 05.25.2011 | Business

NEW YORK — Stocks pulled back sharply Wednesday, erasing most of the previous session's big gains as investors grew concerned about the possibil...

US Investment Banks Seen Riskier Than Third World Countries

Reuters | Peter Apps | Posted 05.25.2011 | Home

Turmoil and uncertainty over some of Wall Street's best-known investment banks has left some facing rougher market conditions that price them as riski...

Stocks Cap Volatile Week With Big Gains

AP | TIM PARADIS | Posted 05.25.2011 | Business

NEW YORK — Wall Street capped a week of remarkable volatility with a big advance Thursday that left stocks higher for the week but didn't silenc...

World Markets Tumble on Wall Street Drop

AP | TOBY ANDERSON | Posted 05.25.2011 | Business

LONDON — European and Asian stock markets tumbled Monday as investors reacted nervously to a steep decline on Wall Street Friday after disappoin...

Stocks Finish Mixed in Choppy Session

AP | JOE BEL BRUNO | Posted 05.25.2011 | Business

NEW YORK — Wall Street finished mixed in another seesaw session Wednesday after regulators allowed Fannie Mae and Freddie Mac to buy more mortga...

Stocks Turn Positive After Ambac Report

AP | TIM PARADIS | Posted 05.25.2011 | Business

NEW YORK — Wall Street staged a dramatic turnaround Friday, shooting higher in the last half-hour of trading after word that a bailout plan for ...

Stocks End Lower Amid Weak Economic Data

AP | JOE BEL BRUNO | Posted 05.25.2011 | Business

NEW YORK — The stock market finished with a sharp loss Thursday after bleak readings on the economy heightened investors' fears of recession. Th...

News Corp. Board Member: Not A Potted Plant, Likes Camping!

Silicon Alley Insider | Peter Kafka | Posted 05.25.2011 | Business

Last year, Rupert Murdoch thumbed his nose at erstwhile Dow Jones owners the Bancrofts by appointing a 27-year-old would-be opera singer, Natalie Banc...

Stocks End Lower After Bernanke Comments

AP | MADLEN READ | Posted 05.25.2011 | Business

NEW YORK — Wall Street retreated Thursday after Federal Reserve Chairman Ben Bernanke predicted a "sluggish" economy until later in the year and...

Stocks Finish Mixed After Weak Data

AP | TIM PARADIS | Posted 05.25.2011 | Business

NEW YORK — Stocks finished mixed as lackluster economic reports offered Wall Street little incentive to place big bets ahead of a long weekend. ...

Stocks End Mixed on Economic Worries

AP | MADLEN READ | Posted 05.25.2011 | Business

NEW YORK — Wall Street finished a dismal week with a mixed performance Friday as investors grappled with fears about insurers of distressed mort...