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Business stories from The Associated Press
Asian stocks plunge on unabated credit market woes
TOKYO -- Asian stock markets tumbled Wednesday, with Japan's Nikkei index sinking nearly 10 percent, as recent steps by the world's major economies to fortify credit markets failed to stem fears that the spreading financial crisis could spawn a global recession. (Updated 12:38 a.m. PT)
Japan's Nikkei plunges 9.4 percent on crisis fears
TOKYO -- Japan's stock market plummeted 9.4 percent - its biggest one-day drop in 21 years - Tuesday as investors rushed for the exits on deepening fears over the global financial crisis. (Updated 12:28 a.m. PT)
Russia's MICEX exchange shuts until Friday
MOSCOW -- Russian news agencies say Moscow's MICEX (MY'sex) stock exchange has been shut down until Friday after opening with steep losses. (Updated 12:23 a.m. PT)
Meltdown advances despite efforts to limit damage
WASHINGTON -- With financial markets still tumbling, the Federal Reserve is signaling that it might cut interest rates after a series of bold steps by federal regulators failed to stem the slide. Neither presidential candidate offered a solution. (Updated 12:22 a.m. PT)
UK government will partially nationalize banks
LONDON -- The British government announced plans Wednesday to partially nationalize its major banks in a bid to restore economic stability. (Updated 12:11 a.m. PT)
Hong Kong cuts interest rate by 1 percentage point
HONG KONG -- Hong Kong's de factor central bank said Wednesday it would slash its benchmark interest rate by 1 percentage point to 2.5 percent to encourage lending amid the global credit crunch. (Updated 12:07 a.m. PT)
 | TUESDAY, OCTOBER 07, 2008 |
- AIG execs' retreat after bailout angers lawmakers
- Alcoa's 3Q profit falls 52 percent
- 300 suspected illegal immigrants caught in SC raid
- Retirement accounts have lost $2 trillion so far
- Yum says 3rd-quarter earnings rise 5 percent
- Stocks tumble as Street worries about financials
- Gold prices climb amid financial uncertainty
- Credit barely eases after Fed plans to buy paper
- Agriculture futures end trading mixed on CBOT
- Lawsuit: Bill Heard violated federal labor law
- Safeway profit edges up in Q3
- ALL BUSINESS: Possible profits from bailout
- Neiman Marcus offers volume of extravagant gifts
- Frontier happy with Denver-Aspen route
- A look at toys making this season's hot lists
- August borrowing drops at 3.7 percent rate
- Top holiday toys span from dinosaurs to robots
- Mesa Air Group, pilots agree to contract
- Eli Lilly settles Zyprexa inquiries in 32 states
- Retirement accounts have lost $2 trillion
- Fed minutes show policymakers saw balanced risks
- New Bibles alter form _ not word _ to draw readers
- Bernanke: Crisis could prolong economic pain
- EU nations step up protection of private savings
- Pfizer continues realigning with 3 new units
- Germans move millions into state-controlled banks
- Iceland announces Russian loan, nationalizes bank
- Union: Aer Lingus to cut up to 1,500 jobs
- Fed lays out details for bank loans
- Energy Department warns of higher heating costs
- RBS's share price plunges 39 percent, amid turmoil
- Thrift shops thrive amid economic downturn
- Opel, Daimler, Ford curb production
- British banks lead Europe markets lower
- UN calls for review on biofuel subsidies
- Iowa agriculture secretary discusses a trying year
| MONDAY, OCTOBER 06, 2008 |
- Australia slashes interest rate 1 percentage point
- Lehman sought millions for execs while seeking aid
- Paulson turns to Goldman to unclog credit markets
- Slow economy hits state sales tax revenue
- Slow economy hits state sales tax revenue
- Nigerian conflict a warning for Big Oil in Iraq
- Nigerian conflict a warning for Big Oil in Iraq
- Europe governments go their own way on crisis
- ECB, euro nations try to soothe volatile markets
- Bank of America reports profit drop, capital raise
- World stock markets plunge on crisis fears
- Wachovia, Citigroup, Wells agree to standstill
- Fed OKs request for Japan stake in Morgan Stanley
- Dow finishes below 10,000 for first time since '04
- Starbucks faces another NLRB complaint
- Eli Lilly to buy ImClone for more than $6B
- Mars, Wrigley close $23 billion deal, create giant
- Kraft to cut 400 jobs in North America
- The deal: Lilly buys ImClone
- Financial turmoil takes toll on September sales
- Man sentenced in LA in lawsuit kickback scheme
- Stores expected to report dismal September sales
- Paulson picks interim head for rescue effort
- Bank of America settles suits over bad mortgages
- Ford feature will let parents set limits for teens
- Germany considers national financial "shield"
- Consumers likely to shop cautiously for toys
- Allianz investing $2.5B in Hartford Financial
- Economists say shaky economy may last for a while
- J&J Crohn's disease drug is superior in its study
- EBay to cut 1,000 jobs, will buy Bill Me Later
- Treasury announces plan to boost debt auctions
- Treasury announces plan to boost debt auctions
- BNP Paribas to take majority stake in Fortis
- Unicredit's Profumo acknowledges errors
- Court tilts Wachovia fight toward Wells Fargo
- Verizon says $28.1B buyout of Alltel on track
- American Airlines considers a la carte pricing
- Credit crisis adds to pressures on auto dealers
- European, Asian markets plunge on crisis fears
- SKorea wants financial summit with China, Japan
- Chinese insurer to record $2.3B loss on Fortis
- Connecticut towns grapple with new Web law
- European central banks offer more cash to markets
- German gov't, banks agree to $69B bailout for Hypo
- Despite costs, healthy school lunches on the menu
| SUNDAY, OCTOBER 05, 2008 |
- Bank on this: Bank failures will rise in next year
- Ex-CEO of S&L bought by Wachovia defends record
- Redevelopment freezes out original Carvel store
- Investors expect volatility as credit woes persist
- AP Investigation: Ike environmental toll apparent
- Tainted Cadbury chocolate found in Hong Kong
- Next president will be handed a fragile economy
- Mortgage forgiven for woman, 90, who shot herself
- For bailout to work, housing market needs to mend
- Up from apartheid, Soweto millionaire a role model
| SATURDAY, OCTOBER 04, 2008 |
- Mitsubishi workers in Illinois ratify contract
- Mass. asks about federal loan amid market worries
- EU leaders divided about global financial crisis
- AIG plans sale of business units to repay debt
| FRIDAY, OCTOBER 03, 2008 |
- Economy sheds most jobs since 2003, more cuts seen
- Tax breaks big and small sweeten financial bailout
- Paulson vows to speed rescue to financial system
- Boeing airplane deliveries plummet during strike
- 2 firms selected for mortgage securities program
- Sept. dividend payouts lowest for 3Q in 50 years
- Driver Castroneves pleads not guilty in tax case
- Dutch government buys teetering Fortis operations
- Lofty commodity costs drench brewers
- Waterfront Media to buy Case's Revolution Health
- Leisure Living: Prices holding up in ski areas
- GM to close Ohio SUV factory Dec. 23
- Iceland pays price for rapid economic growth
- Calif. leaders hope bailout loosens credit market
- Payrolls drop by most in 5 years; more pain ahead
- Bush signs $700 billion bailout bill
- Paulson pledges quick action on rescue program
- Electric cars shine at Paris auto show
- Automaker SEAT plans temporary layoffs in Spain
- Exports fueled slight services expansion in Sept.
- UBS to cut 2,000 jobs at its investment bank
- Toyota announces zero-percent financing
- Japan's Norinchukin buys stake in Credit Agricole
- Shortage of large animal vets taxes farmers
| THURSDAY, OCTOBER 02, 2008 |
- Reports: Mitsubishi UFJ, Morgan eye Japan merger
- Manhattan apartment sales drop further
- Colleges scramble as investment fund freezes
- Bailout plan offers vague help to homeowners
- Financial crisis moves from Wall St. to the mall
- Summary Box: Financial crisis moves to stores
- Winemaker Constellation Brands loses $23M
- Marriott books lower 3Q profit, expects tough 2009
- Anheuser-Busch launches $50M Bud Light campaign
- Summary Box: Anheuser-Busch's new Bud Light ads
- Lawmakers probe Medtronic payments to physicians
- Execs at Paris auto show brace for industry storm
- Despite crisis, ECB holds interest rates steady
- 30-year mortgages rise to 6.10 percent
- Star-Ledger owner hopeful it can avoid closure
- AP Poll: 8 in 10 fear hit from financial crisis
- Factory orders drop by 4 percent in August
- House girds for 2nd try on financial rescue
- Stock losses take heavy toll on retirement savings
- France to host EU summit on money crisis
- Burger King switches to trans fat free oil
- New Nintendo DS portable will come with camera
- Hawaii promoting its 'value' to visitors
- UBS expects return to profit in third quarter
- Asian automaker shares tumble on US sales slump
- Oil steady at $98 on US bailout hopes
- Wheat production in the Dakotas booms
| WEDNESDAY, OCTOBER 01, 2008 |
- Report: ImClone's secret suitor is Eli Lilly
- Buffett's company to buy $3B of GE preferred stock
- Restaurants take credit hit, but leases improve
- Tight credit, fear send Sept. auto sales below 1M
- Candy with chemical in Chinese milk found in Conn.
- Once 3 pages, bailout bill now length of novel
- Banks want to suspend accounting rule in bailout
- Florida sues Merck to recover money spent on Vioxx
- Starbucks settles NLRB complaint of fired barista
- Yum Brands to add calorie info to menu boards
- CarMax laying off more than 600 service workers
- Gov't launches mortgage aid program
- Manufacturing shrinks to lowest level since 2001
- Top court will review who pays for Superfund site
- Construction activity unchanged in August
- Borders issues warrants to Pershing Square Capital
- EU fines 9 companies over wax cartel
- Roosevelt talk on unstable economy oddly prescient
- US dollar lower, gold falls in morning trading
- Xstrata drops bid for platinum miner Lonmin
- Money not the motive for many to work until 67
- Euro jobless rate climbs to 7.5 percent in August
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AP BUSINESS HEADLINES
· Japan's Nikkei plunges 9.4 percent on crisis fears
· Russia's MICEX exchange shuts until Friday
· Meltdown advances despite efforts to limit damage
· UK government will partially nationalize banks
· Hong Kong cuts interest rate by 1 percentage point
more
· Japan's Nikkei plunges 9.4 percent on crisis fears
· Russia's MICEX exchange shuts until Friday
· Meltdown advances despite efforts to limit damage
· UK government will partially nationalize banks
· Hong Kong cuts interest rate by 1 percentage point
more
AP HIGH-TECH HEADLINES
· BlackBerry Storm has touch screen you can feel
· Google gets into video games _ with ads
· YouTube flips switch on new sales channel
· Summary: AMD spins off chip factories
· Fabless future: Struggling AMD spins off factories
more
· BlackBerry Storm has touch screen you can feel
· Google gets into video games _ with ads
· YouTube flips switch on new sales channel
· Summary: AMD spins off chip factories
· Fabless future: Struggling AMD spins off factories
moreVIDEO
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