Reuters - Examiners with the Federal Reserve have questioned Wall Street counterparties about their exposure to debt and other holdings of Citadel Investment Group, The Wall Street Journal said on Saturday, a report Citadel denied.

Reuters - Whichever way next week plays out on Wall Street, the market is likely to close out an October that stock investors would rather forget.

Reuters - Investors unnerved by a selloff in shares and collapsing currencies are looking ahead to a week that may see a new round of coordinated central bank action to calm markets as well as corporate earnings and key economic data.

AP - Wall Street joined stock markets around the world in a huge selloff Friday, sending major market indexes to their lowest levels in more than five years on the belief that a punishing economic recession is at hand. A grim outlook from electronics maker Sony helped trigger the selling, and another bleak forecast from the automaker Daimler added momentum to the drop.

Reuters - Asian and European leaders closed ranks on Saturday to try to bolster confidence among investors who fear that a global credit crunch has ushered in a deep and damaging world recession.

Reuters - Stock markets tumbled around the world on Friday as investors fearing a long and deep worldwide recession dumped risky assets far and wide, sending currencies into a tailspin and oil down sharply.

Reuters - General Motors Corp intensified talks to acquire Chrysler LLC on Friday amid a worsening global auto downturn that forced deep cuts of salaried jobs at Chrysler and a warning from France's PSA Peugeot Citroen .

Reuters - Asian and European leaders closed ranks on Saturday to try to bolster the confidence of shell-shocked investors fearful that the year-long global credit crunch is mutating into a worldwide recession.

Reuters - The U.S. government will allow banks to be first to announce Treasury Department capital infusions, backtracking from a plan to announce a list of some 20 banks as early as Friday, according to a source familiar with the U.S. Treasury Department's plans.

Reuters - Stocks dropped on Friday in a worldwide sell-off with investors cashing out of stocks as signs mounted that the global economic slowdown could be deeper than feared and the corporate profit outlook darkened.

Reuters - The U.S. government took further steps to prop up the U.S. banking system on Friday, starting to inject capital into a new group of banks, and helping to finance a $5.2 billion takeover of National City Corp by PNC Financial Services Group Inc .

Reuters - Wall Street joined a global market rout on Friday that kicked off in Japan, led Russia to suspend trading and sent oil and other commodities tumbling on fears of a deep worldwide recession.

Reuters - PNC Financial Services Group Inc agreed to buy ailing National City Corp in a government-supported $5.6 billion deal that will rescue the Ohio-based lender and create the No. 5 U.S. bank by deposits.

Reuters - U.S. bank shares tumbled on Friday on fears that losses from bad loans will soar due to a deep global recession, and as a large, ailing U.S. bank agreed to be acquired at a below-market price.