AP - The financial crisis has turned into a tryout of sorts for the next president, an unexpected chance for Barack Obama and John McCain to shine — or stumble — just as most voters are deciding whom to back.

Reuters - General Motors Corp said on Friday it plans to draw down the remaining $3.9 billion of its $4.5 billion secured revolving credit facility to maintain a high level of financial flexibility for its ongoing restructuring in the face of uncertain capital markets.

Reuters - Regulators around the world curbed short-selling of financial shares on Friday, igniting a huge rally in a sector that had been targeted by sellers as the credit crisis deepened.

Reuters - A U.S. bankruptcy judge approved a revised version of British bank Barclays Plc's deal to purchase the core U.S. business of Lehman Brothers Holdings Inc .

Reuters - Sweeping government measures to rescue the financial system and restore confidence in shaky markets spurred a huge relief rally in stocks on Friday, ending a week when the financial landscape underwent the most dramatic reshaping since the Great Depression.

Reuters - The United States surged into action on Friday to launch an all-out attack against the worst financial crisis since the Great Depression, readying a plan to tap hundreds of billions of dollars in taxpayer funds to buy up toxic mortgage-related debt.

Reuters - Morgan Stanley's talks with Wachovia Corp , China Investment Corp and other institutions continue, though the rebound in its stock and debt prices gives the investment bank more time to consider its options, a person familiar with the matter said Friday.

Reuters - The U.S. government curbed short-selling and guaranteed money-market mutual funds on Friday as it worked on a sweeping bailout to mop up hundreds of billions of dollars in toxic mortgage debt, sending global stock markets soaring.

Reuters - Major shareholders of American International Group Inc are trying to help pay off a hefty federal loan before the government can take a 79.9 percent stake in the insurer, which would heavily dilute their shares, the Wall Street Journal reported.

Reuters - Morgan Stanley's talks with Wachovia Corp , China Investment Corp and other institutions continue, though the rebound in its securities gives the investment bank more time to consider its options, a person familiar with the matter said Friday.

Reuters - U.S. Treasury Secretary Henry Paulson, leading a push for a taxpayer-funded plan to contain the credit market crisis, said on Friday he would ask Congress to take action on this next week and that the Treasury was taking immediate steps in the meantime.

Reuters - Stocks rallied on Friday, led by a surge in financials, after the government unveiled plans to mop up bad assets and place a temporary ban on bets that financial stocks will fall.

Reuters - American International Group Inc may become a smaller firm with hopefully many of its largest insurance operations intact after assets are sold to pay back a federal loan, new Chief Executive Edward Liddy told the Wall Street Journal in an interview.