Stocks bomb as dire warnings shake markets. Stock prices suffered steep losses Friday as dire recession forecasts drove the global financial system into one of its most sickening downward lurches since the credit crisis began.

World economic summit planned for Nov. 15, Leaders to discuss how to solve crisis. News from WASHINGTON — World leaders, facing financial markets in turmoil and the possibility of a global recession, plan to discuss ways to fix the crisis at a summit in Washington next month.
U.S. and European leaders, sparring over the causes of [...]

Economic Indicators in U.S. Surprisingly Rise as Federal Reserve unfreezes credit markets. News on Oct. 20 - The index of U.S. leading economic indicators unexpectedly rose in September, led by a surge in the money supply as the Federal Reserve pumped cash into the economy to unfreeze clogged credit markets.
The Conference Board’s gauge increased 0.3 [...]

Japanese shares tumbled Thursday, sending the Nikkei 225 Average down by nearly 9% in the afternoon as investors sold off equities, fearing the impact of a U.S. recession and a slowing global economy.
Nikkei down nearly 9% as recession fears kick in: News from HONG KONG - Japanese shares tumbled, sending Nikkei 225 Average down by [...]

Another huge Dow loss. Huge Dow loss again Recession fears send indicator tumbling 733, 2nd biggest point loss ever
Bad News Again: Blue-chip indicator drubbed 733 points - 2nd biggest point loss ever - as recession fears resurface.
NEW YORK (CNNMoney.com) — Recession talk scared Wall Street Wednesday, sending the Dow Jones industrial average to its second [...]

EU chiefs confront markets crisis: The 15 eurozone leaders are to meet in Paris to try to establish a common approach to the financial crisis. The past week has seen huge losses on global stock markets.
France’s finance minister said their meeting would “follow up and execute upon” a five-point plan agreed by the group of [...]

Fund companies Turn To Treasury Guaranty: Fifteen of the largest money-market mutual fund companies, which together account for three-quarters of the market, said this week that they would take up the Treasury Department on its offer of a temporary guaranty in an attempt to regain their status as one of the safest places to park [...]

Morgan Stanley may benefit from latest Treasury plans on buying equity in banks. U.S. mulls buying equity in banks as Morgan Stanley awaits MUFJ injection. News from SAN FRANCISCO — Morgan Stanley may benefit from the U.S. Treasury’s latest plan to buy equity stakes in financial institutions as the investment bank awaits a crucial $9 [...]

U.S. stocks seek financial relief from G7, Dow’s sees worst weekly drop on record. News from NEW YORK — U.S. stocks will enter next week with investors either comforted or disappointed by the meeting of the Group of Seven finance ministers and central bankers, who have gathered in Washington D.C. to address the global financial [...]

Financial Crisis on world stage: Bush and global financial leaders vow to fight the growing financial meltdown. News from NEW YORK — World leaders, warning of a global economic downturn, pledged Saturday to work together to find solutions to what is unfolding as the worst financial crisis since the Great Depression.
President Bush and finance officials [...]