Most Asian markets rebound after Wall Street rout (AP)
Most Asian markets rebounded Friday after days of sharp declines in stocks around the world as investors scooped up battered financial and technology shares. Oil falls to 3-year low below $49 in Asia (AP)
Oil prices fell to a 3-year low below $49 a barrel Friday in Asia as plunging stock markets, driven down by more bad U.S. economic news, battered investor confidence. Dell 3Q profit falls as PC spending slows (AP)
Dell Inc.'s fiscal third-quarter profit sank 5 percent as concerns about the deepening economic crisis crimped corporate spending on computers and other technology products. Japan's central bank keeps interest rates on hold (AP)
Japan's central bank kept its already low interest rates on hold Friday but warned of a prolonged economic slump at home and abroad. Dems delay auto bailout vote, seek plan from Big 3 (AP)
The $25 billion rescue plan for the auto industry, desperately sought by Detroit's beleaguered Big Three, collapsed Thursday as Congress drew the line at one more bailout and Democrats said they wouldn't even consider it until the companies produced a convincing plan for rebuilding their once-mighty industry. Congress extends jobless benefits; stocks fall 400 (AP)
Jarred by new jobless alarms, Congress raced to approve legislation Thursday to keep unemployment checks flowing through the December holidays and into the new year for a million or more laid-off Americans whose benefits are running out. Citi shares sink despite Saudi prince's investment (AP)
Citigroup Inc. shares tumbled below $5 a share Thursday to their lowest level in more than 15 years, a sign that a Saudi prince's decision to boost his stake in the bank has failed to galvanize confidence among increasingly anxious investors. A tough auto market? Not if you're a Maserati exec (AP)
With the U.S. all but certainly in a recession and many skittish consumers hesitant to buy even a Honda Accord, it would seem the last thing anyone would need is a $400,000 Rolls-Royce Phantom. Fannie Mae, Freddie Mac halting foreclosures (AP)
Mortgage finance companies Fannie Mae and Freddie Mac are suspending foreclosures for about 16,000 households during the holiday season.