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Fri, 24 Oct 2008 14:17:25 GMT

Fri, 24 Oct 2008 14:21:01 GMT

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Fri, 24 Oct 2008 15:54:09 GMT

NEW YORK - Wall Street headed for another precipitous drop Friday as fears of a punishing global recession stirred panic among investors and sent world financial markets into a tailspin. The Dow Jones industrial average futures were down 550 points, the maximum allowed price change.

The increasingly grim outlook convinced investors that the world economy is headed for a long and severe downturn despite a raft of government rescue efforts aimed at pulling the financial system from the brink. Fearing more carnage in equity markets, big hedge funds and other institutional investors have been pulling out their money in a bid to reduce risk and raise cash.

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Fri, 24 Oct 2008 17:49:23 GMT

Oct. 24 (Bloomberg) -- Stocks tumbled around the world, sending the global benchmark index to the lowest level since June 2003, on concern the deepening economic slump will crimp earnings. Yields on 30-year Treasuries dropped to a 31-year low, and the yen climbed to a 13-year high against the dollar.

The Standard & Poor's 500 Index and the Dow Jones Industrial Average dropped more than 5.1 percent after futures trading on the indexes was limited to prevent further declines. The U.K.'s FTSE 100 Index sank 6.9 percent and the pound slid the most versus the dollar since 1971 after the economy shrank for the first time since 1992. South Korea's Kospi Index fell 10 percent as the country's economy grew

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Mon, 01 Dec 2008 22:34:46 GMT

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Wed, 03 Dec 2008 16:18:31 GMT