Reuters - The International Monetary Fund said on Saturday it was investigating whether its chief Dominique Strauss-Kahn abused his power in an affair with a subordinate who has since left the global institution.
Reuters - President George W. Bush holds talks on Saturday with European leaders hoping to pave the way for an overhaul of the global financial regulatory system, amid growing evidence the world is sliding toward recession.
AP - The nation is on track to build fewer homes this year than at any time since the end of World War II, adding to the woes of an economy that analysts said Friday has almost certainly entered a recession.
AFP - As stock markets sink and fears grow of a global recession, Latin America is banking on gains as well as losses from tourists tightening their purse strings.
Reuters - Warren Buffett tried to persuade demoralized investors the U.S. stock market is not falling off a cliff. Not everyone was immediately convinced.
Reuters - General Motors Corp has sent a sales prospectus for Hummer to potential bidders as it scrambles to shore up its cash amid a sharp downturn in global auto sales.
Reuters - Stocks fell on Friday on weakness in manufacturing and financial stocks after bleak data on consumer confidence and construction, but the Dow still snapped a disastrous three-week losing streak with it best weekly gain in more than 5 years.
Reuters - Evidence piled up on Friday that the world is slipping into recession but the White House played down expectations for a weekend meeting between lame-duck U.S. President George W. Bush and European Union leaders.
AP - The government's drastic economic rescue efforts will eventually pay off, President Bush insisted Friday, offering calming words to anxious Americans but no suggestion of a quick revival as Wall Street braced for another wild day.
Reuters - Stock markets climbed around the world on Friday, taking their lead from Wall Street's late rally the previous session and helped by easing interbank lending rates, lower oil prices and encouraging earnings from technology firms.
Reuters - Rupert Murdoch said he cannot predict a successful 2009 for News Corp (NWSa.N) given the economic turmoil, but his media empire has a $5 billion cash war chest and extended debt repayment dates to see it through the global financial crisis.
Reuters - Record low auto sales and the financial crisis are spurring fresh merger talk about the Big Three U.S. automakers in a new global consolidation round while the sales rot is also impacting suppliers and car retailers.
Reuters - U.S. consumer confidence and new-home construction plummeted in further signs of a looming recession, ahead of a meeting between President George W. Bush and European leaders to discuss the financial crisis.
Reuters - Stocks rose in choppy trade on Friday after tech bellwether Google Inc posted reassuring results and energy stocks tracked the price of oil higher.
Reuters - Consumer confidence suffered its steepest monthly drop on record in October and construction starts on new homes fell to a 17-1/2 year low the previous month, as the financial crisis sent shock waves through the economy.
