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Last updated: 06:58:04 Monday Oct 13, 2008


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  • US moves to get $700B bank rescue effort started
    The Bush administration said Monday it is moving quickly to implement a $700 billion rescue program, including consulting with private law firms on how to buy ownership shares in banks to help thaw frozen lending and get the economy moving again.   Nations:India Brazil France Mexico   People:Gordon Brown Henry Paulson Ben Bernanke   Activities:2007 Global Credit Crunch   2008-10-13

    British banks to get cash infusion from government
    The British government injected an unprecedented 37 billion pounds ($63 billion) into the country's leading banks Monday to avoid a full-scale collapse of the sector.   Nations:U.K.   People:Gordon Brown   Activities:2007 Global Credit Crunch   Source:(AP)   2008-10-13

    Mitsubishi closes $9B investment in Morgan Stanley
    Morgan Stanley completed a deal Monday to receive a $9 billion investment from Japanese bank Mitsubishi UFJ Financial Group Inc., giving it a much-needed cash infusion.   Activities:2007 Global Credit Crunch   Source:(AP)   2008-10-13

    `Chihuahua' fetches $17.5M to win another weekend
    An adorable talking dog remained just the sort of escapist movie hero audiences wanted after a week of awful economic news. Disney's family comedy "Beverly Hills Chihuahua," with Drew Barrymore providing the voice of the pooch, was the No. 1 flick for the second-straight weekend with $17.5 million, raising its 10-day total to $52.5 million, according to studio estimates Sunday.   People:Guy Ritchie Gerard Butler Bill Murray Ridley Scott Keira Knightley Dennis Quaid   2008-10-13

    Investors face more uncertainty as bailout widens
    Investors agonizing over whether the stock market is bottoming out or about to extend its precipitous decline face more uncertainty this week as they await action on the government's rapidly expanding effort to pull the financial system from the brink.   People:Henry Paulson Charles Schumer   Activities:2008 U.S. Financial Rescue   2008-10-12

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  • [2007 Global Credit Crunch]: Gov't eyes plan to take ownership stakes in banks (18:25 10/12)
  • [2008 Hurricane Ike]: AP Investigation: Ike environmental toll apparent (14:14 10/5)
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    NewsGuide EventCityPeopleShowCompany 
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    [2008 U.S. Recession]: McCain camp offers mixed signals on economic plan (08:49 10/13)

    [US Election 2008]: McCain camp offers mixed signals on economic plan (08:49 10/13)

    [2007 Global Credit Crunch]: US moves to get $700B bank rescue effort started (08:49 10/13)


    [2008 NFL]: Blocked punt gives Cards 30-24 OT win over Cowboys (08:49 10/13)

    [2008 California Fire]: Winds whip up wildfire north of Los Angeles (08:49 10/13)


    [Anti-terror War in Pakistan]: Pakistan troops kill 24 militants in tribal area: officials (08:49 10/13)

    [2008 MLB]: Dodgers rout Phillies to narrow gap in series (01:49 10/13)


    [2008 CCP 17th Congress]: China's communists set to approve key land reforms (08:25 10/12)


    [China Economic Reform]: China's communists set to approve key land reforms (08:25 10/12)

    [Korea Nuclear Crisis]: NKorea to resume dismantling nuclear facilities (08:25 10/12)




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