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Ford Lets Parents Control Teen Speeding

AP | TOM KRISHER | October 6, 2008

Read More: Ford, Parents, Speed Limits, Teen

DETROIT — So you think junior is a little too lead-footed when he drives the family car? Starting next year, Ford Motor Co. will give...

Neel Kashkari, Treasury Assistant Secretary, To Head $700 Billion Bailout

AP | MARTIN CRUTSINGER | October 6, 2008

Read More: Bailout, Goldman Sachs, Neel Kashkari, Wall Street Crisis

WASHINGTON — The administration has selected a former Goldman Sachs executive to be the interim head of its $700 billion rescue effort for financial institutions....

Lehman's Golden Parachutes Were Being Secured While Execs Were Pleading For Federal Rescue

AP | JULIE HIRSCHFELD DAVIS | October 6, 2008

Read More: Bailout, Henry Waxman, Lehman Brothers, Oversight, Oversight Committee, Wall Street Crisis

WASHINGTON — Days from becoming the largest bankruptcy in U.S. history, Lehman Brothers steered millions to departing executives even while pleading for a federal rescue,...

Dow 10,000: As World Stocks Sink, Dow Jones Drops To Lowest Since 2004

Huffington Post | Dave Burdick | October 6, 2008 10:54 AM

Read More: Banking Crisis, Credit Crisis, Dow 10000, Dow 8000, Dow 9000, Dow Jones Industrial Average, Economy, Finance, Personal Finance, Wall Street, Wall Street Crisis

For the first time since October of 2004, the Dow Jones Industrial Average has dropped below the 10,000-point mark. It has dropped as many as...

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Wall Street tumbles amid global sell-off

AP | JOE BEL BRUNO | October 6, 2008

Read More: Bailout, Banks, Economy, Financial Crisis, John Mccain And Stock Market, John Mccain Financia Crisis, Personal Finance, Stock Market, Us Bailout, Us Markets, Wall Street, Wall Street Crisis

NEW YORK — Financial markets took a bleak view of the future Monday, seeing contagion in a credit crisis that threatens to cascade through economies...

Solar iPhone Case Extends Battery Life

Huffington Post | Dave Burdick | October 6, 2008 09:30 AM

Read More: Green Living, Green Tech, Iphone, iPhone Accessories, iPhone Case, Solar iPhone Case, Solar iPhone Charger, Solar Power

Sometimes you have to weigh the pros and cons of your green options. For example, is it better to get Stony Field Farm yogurt because...

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Richard Fuld's Congressional Hearing To Explore Causes And Effects Of Collapse (VIDEO)

New York Times, Reuters, AP | October 6, 2008 08:37 AM

**UPDATE** Watch the Fuld hearing LIVE right now: loadCNNLiveModule("myCNNLiveModule",300); RICHARD FULD "GOT OUT-LOBBIED" Rep. John Mica (R-Fla.) points out that Fuld gave about $300,000 to...

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World Markets Plunge On Crisis Fears

AP | EMILY FLYNN VENCAT | October 6, 2008

Read More: Banking Crisis, Banks, Credit Crisis, Economy, Federal Reserve, Finance, World Markets

LONDON — Asian and European stock markets plunged Monday as government bank bailouts in the U.S. and Europe failed to alleviate fears that the global...

Wachovia, Citigroup, Wells Fargo Drama Worries Fed

| Dave Burdick | October 6, 2008 07:46 AM

Read More: Banking Crisis, Banks, Citigroup, Credit Crisis, Economy, Finance, Personal Finance, Wachovia, Wachovia Buyer, Wachovia Lawsuit, Wells Fargo

Last week, Citigroup and the FDIC seemed to be close to a deal to acquire the troubled Wachovia Corp. Then, on Friday, Wells Fargo swooped...

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Oil Prices Hit Eight-Week Low

AP | STEVENSON JACOBS | October 6, 2008

Read More: Economy, Energy, New York Mercantile Exchange, Oil, Oil Prices

NEW YORK — Oil prices sunk below $90 a barrel Monday for the first time in eight months, a key price support level, on expectations...

Countrywide Mortgages To Be Modified To Provide Relief

AP | CHRISTOPHER WILLS | October 6, 2008

Read More: Bank Of America, Bank Of America Mortgages, Banks, Countrywide, Countrywide Financial Countrywide Mortgages, Economy, Finance, Mortgage Crisis, Mortgage Relief, Mortgages, Personal Finance

SPRINGFIELD, Ill. — Facing a lawsuit over deceptive mortgage practices, Bank of America Corp. is agreeing to pay more than $8 billion to modify hundreds...

Laid Off Wall St Execs Find Solace In "Quick Recovery" Face Lifts

New York Post | GINGER ADAMS OTIS | October 5, 2008 07:13 PM

Read More: Wall St, Wall St Crisis, Wall St Face Lifts, Wall St Surgery, Wall Street

New York-based brokers, analysts and finance executives who have been axed by their blue-chip firms are turning to a blade of a different kind...

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Russian Billionaire Building $400 Million Mega Yacht With Anti-Missile Radar

Daily Mail | Liz Hull | October 5, 2008 06:46 PM

Read More: Anti-Missile Radar Yacht, Mega Yacht, Roman Abramovic Yacht, Roman Abramovich

When you have a personal fortune of £11.7billion, you can perhaps be forgiven for feeling the need for protection. In Roman Abramovich's case, the solution...

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Financial Industry Faces More Oversight

AP | CHRISTOPHER S. RUGABER | October 5, 2008

Read More: Financial Bailout, Financial Industry, Wall Street

WASHINGTON — With the passage of the $700 billion rescue package, the financial industry will face greater congressional scrutiny in coming weeks and months. Further-reaching...

Europeans Scramble To Save Failing Banks

AP | MATT MOORE | October 5, 2008

Read More: Bank Crisis, Banks, Europe, European Banks

STOCKHOLM, Sweden — Germany became the latest country to move to allay fears about the financial meltdown, enhancing a rescue plan for Hypo Real Estate...