Federal Reserve to buy up short-term commercial debt

The S & P 500 index falls to a 5-year low despite additional Federal Reserve efforts to shore up the financial system. >>

Money & Co. blog: As hedge funds, mutual funds and others keep dumping stocks, "capitulation" looks like a long process >>

Banks will have to pay more to shore up the government's depleted deposit insurance fund. That may result in higher fees and lower interest rates. >>

Americans' retirement plans have lost as much as $2 trillion in the past 15 months, Congress' top budget analyst estimated today. >>

Auditors were kept from knowing the level of the firm's risk, documents presented at a hearing show. >>

The struggling chip maker strikes a deal with an investment firm owned by the government of Abu Dhabi. >>

Celebrity chefs behind Melisse, Anisette, Craft and other deluxe dining spots try to lure recession-wary diners. >>

A week at the spa can ease the pain of a bailout for callous, overpaid executives. >>

Independent shops that haven't been swallowed up are facing ruthless competition. >>

If you're at the point where you aren't sure you can take any more of this, you have plenty of company. Worldwide. >>

Dropping oil prices could break $60 a barrel, an analyst says. That helps motorists, but the weakening economy is creating bigger problems. >>

Rep. Henry Waxman grills Richard Fuld about compensation he received as the 158-year-old investment bank foundered. >>

The online auction firm plans to lay off about 1,000 full-time employees and as many as 600 temporary workers as it purchases Web credit company Bill Me Later and two Danish classifieds sites. >>

When fuel costs were soaring, firms retooled their lineups to emphasize small and efficient vehicles. If prices continue declining, they could be unprepared for renewed demand for SUVs and trucks. >>

The private plane was seized by prosecutors pursuing civil charges against the embattled Broadcom Corp. co-founder. >>

In welcome news for the sluggish local film production economy, Marvel Studios has reached an agreement to film four of its superhero movies at Raleigh Studios in Manhattan Beach. >>

A temporary chief is named for the new Office of Financial Stability and institutions are invited to bid to manage the portfolios the government will buy. >>

Federal regulators force Wells Fargo and Citigroup to put litigation over who gets to buy the bank on hold while they try to reach an agreement. >>

The blue-chip average falls more than 800 points, its biggest loss ever during a trading day, but rallies to close down 369.88 points, or 3.6%, at 9,955.50. >>

The bank, hit by significant losses in mortgages and credit cards, releases its results two weeks earlier than scheduled. It plans to raise capital by selling stock and halving its dividend. >>

Freedom Communications Inc., owner of the Orange County Register, said that it might be in violation of loan agreements and that it was in discussions with its lenders. >>

Eli Lilly & Co.'s winning bid of more than $6 billion for cancer drug maker ImClone Systems Inc. means a billion-dollar payday for former rival bidder Bristol-Myers Squibb Co. and vindication for corporate raider and ImClone Chairman Carl Icahn. >>

Hartford Financial Services Group Inc. said Monday that it would receive a $2.5-billion investment from Allianz, a move that may foretell a possible acquisition. >>

The corporate philosophy has enabled the financial giant to weather turbulence -- but what will happen during the current global crisis? >>

COURTS

Ex-Milberg client fined, sentenced >>

>>

>>

The former contributor to Sen. Clinton fraudulently raised $60 million from investors, the suit alleges. Hsu is awaiting trial on criminal charges in the case. >>

The beverage giant will distribute the No. 1 energy drink in new markets in Europe and Canada and in some U.S. states. >>

The rate of customers losing power and heat for nonpayment has shot up across the country. >>

The U.S. Supreme Court asked the Justice Department on Monday for advice on a bid by the nation's largest grocery chains to block customers from suing over violations of government food-labeling rules. >>

The Supreme Court refused Monday to disturb a $74-million judgment against Dish Network Corp. for violating a patent held by TiVo Inc. involving digital video recorders. >>

With the credit crunch drying up traditional sources of funding, small-business owners who need cash are seeking alternatives. >>

Critics say Darrel Dochow of the Office of Thrift Supervision and others ignored warning signs. He also had an oversight role in the 1980s savings and loan crisis. >>

Congress had a big hand in oversight failures and deregulation, in part through a philosophy of reducing government's role. Rep. Waxman begins hearings today. >>

Residents are worried about job security, retirement and making ends meet. On Candlewood Street, some are scared that they're just a few paychecks or an unforeseen crisis away from disaster. >>

Bank of America Corp. agrees to nation's largest mortgage-workout program to settle charges of lending abuse. >>

American Airlines plans next year to adopt the a la carte pricing strategy of Air Canada. >>

The rescue package for the financial system includes measures designed to stem the rising tide of foreclosures. Here's a look at the specifics. >>

A New York judge's order that the deal be put on hold is temporarily blocked. A hearing on the dispute pitting Wells against Wachovia suitor Citigroup will be held Tuesday in federal court. >>

Urgency isn't mere busy-ness but a state of mind that erases complacency, writes John P. Kotter. Such an attitude, he says, is essential for firms to be able to deal with change. >>

The world's financial markets face an uncertain and possibly volatile week as investors await details about how the Treasury will implement the government's financial rescue package -- and watch for any further fallout from the credit crisis around the globe. >>

Dear Karen: I'd like to sell my paintings. I have about 100 pieces in oil and watercolor. How do I start? >>

If cash flow is a problem, getting an installment agreement with the IRS can be a viable solution. >>

The deal, which ends a short and bitter relationship, gives the two studios joint custody of about 40 projects. Spielberg will form an independent studio backed by an Indian conglomerate. >>

The Disney film does better than expected, grossing $29 million and knocking 'Eagle Eye' into second place. >>

As the $700-billion U.S. financial system bailout gets underway, Europe is struggling to contain its own banking turmoil. >>

Once hailed for running their savings-and-loan company like an endearing mom-and-pop shop, Herb and Marion Sandler are now being vilified as ruthless home lenders who helped destroy Wachovia Corp. and contributed to the financial decay that led to the U.S. government's $700-billion rescue plan to buy rotten mortgages. >>

Adults make plenty of mistakes with their money. Themint.org wants to keep teenagers from doing the same. >>