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  • Finance leaders endorse G7 plan to calm markets (Reuters)

    International Monetary Fund Managing Director Dominique Strauss-Kahn speaks at a news conference of the annual IMF-World Bank meeting in Washington October 11, 2008. (Yuri Gripas/Reuters)Reuters - Finance leaders from the International Monetary Fund's 185 member countries on Saturday endorsed a plan by major economies to chart a course out of the credit crisis, hoping the broader support will calm markets.




  • IMF warns of financial meltdown (Reuters)

    Egypt's Finance Minister and International Monetary and Financial Committee (IMFC) Chairman Youssef Bourtos-Ghali (2nd R), International Monetary Fund (IMF) Managing Director Dominique Strauss-Kahn (C), IMF's First Deputy Managing Director John Lipsky (2nd L) and IMF Secretary Shailendra Anjaria (R) attend the meeting of the IMFC at IMF Headquarters in Washington October 11, 2008. (Stephen Jaffe/IMF/Handout/Reuters)Reuters - The IMF warned on Saturday that the global financial system was on the brink of meltdown, while France and Germany pushed ahead with a pan-European crisis response to try to prevent the worst global downturn in decades.




  • Chrysler, GM have merger talks: sources (Reuters)

    A new Chrysler sign is seen after the DaimlerChrysler sign was removed from the front of the Chrysler headquarters in Auburn Hills, Michigan in this August 4, 2007 file photo. (Rebecca Cook/Files/Reuters)Reuters - Chrysler LLC has had talks with General Motors Corp about a deal to combine the No. 1 and No. 3 American automakers at a time when both are struggling to cut costs and shore up cash, according to three people familiar with the matter.




  • Wealth funds, recipients adopt investing principles (Reuters)
    Reuters - Government-owned wealth funds and the countries that accept their investments agreed on Saturday to a set of principles aimed at ensuring that both sides play by the rules.

  • Italy to push for broader G7 membership (Reuters)

    U.S. Treasury Secretary Henry Paulson (L-R), Italy's Economy Minister Giulio Tremonti and and Japan's Finance Minster Shoichi Nakagawa pose for a group photo after the G7 Ministers meeting at the Treasury Department in Washington October 10, 2008. (Yuri Gripas/Reuters)Reuters - Italy will push for broadening membership in the Group of Seven when it takes over leading the rich nations' club next year, Italian Economy Minister Giulio Tremonti pledged on Saturday.




  • G7 pledges urgent, decisive action as markets reel (Reuters)

    G7 finance ministers Christine Lagarde of France (L-R), Peer Steinbrueck of Germany, U.S. Treasury Secretary Henry Paulson and Italy's Economy Minister Giulio Tremonti pose for a group photo after their meeting at the Treasury Department in Washington October 10, 2008. (Yuri Gripas/Reuters)Reuters - Finance chiefs of the world's major economies pledged on Friday to take decisive action and work together to stem the escalating financial crisis after another day of gut-wrenching drops on world markets.




  • Money-market funds flock to guarantee program (AP)
    AP - Nearly all the $3.4 trillion in money-market mutual funds is expected to be federally guaranteed for at least the next three months, now that all the major fund providers signed up to participate by a deadline that passed Wednesday.

  • Apparel chains report dismal September sales (AP)

    In this Aug. 12, 2008 file photo, shoppers walk in front of a Abercrombie & Fitch store in San Jose, Calif. Teen apparel retailer Abercrombie & Fitch Co. said Thursday, Oct. 9, 2008, that its September same-store sales dropped 14 percent, more than quadruple the drop Wall Street expected.  (AP Photo/Paul Sakuma, file)AP - Dismal September sales results from mall-based apparel chains, released Thursday, offered more fresh evidence that American consumers, spooked by the financial meltdown, shut their wallets tight last month.





 
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