Oil retreats from all-time high

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Oil retreats from all-time high more»»
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Fri Jul 04, 2008

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U.S. planning to buy bank stocks more»»
Treasury Secretary Henry Paulson said on Friday that the U.S. government was working on a plan to buy stock in financial institutions by using part of the $700 billion authorized by Congress to stabilize the financial system.

Report finds flaws in SEC Bear Stearns probe more»»
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Obama's small biz rescue plan: The details more»»
Democratic presidential candidate Barack Obama on Friday proposed emergency assistance for small business endangered by America's financial crisis, calling for a "small business rescue plan" of tax incentives and loans.

G-7: 'Urgent action' needed more»»
Finance ministers from the world's top economies pledged Friday to work together to stabilize global financial markets, but did not provide concrete plans to address the credit chaos sweeping the world.

Local banks fail in Illinois, Michigan more»»
Two regional banks were closed by state regulators Friday as the downturn in the housing market continues to strain local lenders.