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Europe Unified On Proposal to Protect Banks

PARIS, Oct. 12 -- Governments around the world took unprecedented steps Sunday to rescue the global financial system, with major European powers unveiling a united plan to prevent further bank failures while Australia and New Zealand moved to calm panicked investors by guaranteeing deposits befor...

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13.10.2008 06:00:00 - washingtonpost.com - Business

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Financial Anxiety Rising, Poll Finds

Americans' confidence in their own financial security has tumbled alongside dizzying declines in stock prices and home values, according to a new Washington Post-ABC News poll. Less than half now believe they will have enough money to last through retirement, and two-thirds fear for their family'...

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13.10.2008 06:00:00 - washingtonpost.com - Business

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Trace the History Of Virginia, and Of Its Plumbing

Long before Ravensworth Shopping Center, Ravensworth Estates, Ravensworth Elementary School and other places were built in southern Fairfax County, William Fitzhugh's 21,996-acre tobacco plantation, Ravensworth, encompassed three mansions and their support buildings, including two now-joined log homes that stand as a quaint reminder of the colony's largest cash crop.

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11.10.2008 06:00:00 - washingtonpost.com - Business

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Where Fantasy Meets Reality

There is a reason that every fairy tale involves a castle. The dream home plays a central role in our fantasies of finding true love and living happily ever after. Maybe that's one reason reality has become so disappointing.

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11.10.2008 06:00:00 - washingtonpost.com - Business

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Wall St. Caps One of Its Worst Weeks Mixed

A late-day rebound today could not stave off investor fears of a global recession that pushed Wall Street to one of its worst weekly performances.

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10.10.2008 23:04:59 - washingtonpost.com - Business

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Bush Says Markets Must Remain Calm Despite Challenges

President Bush today urged financial markets and the broader American public to remain calm in the face of the global financial meltdown, saying that "we'll get through this together."

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10.10.2008 19:15:00 - washingtonpost.com - Business

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Asian, European Stocks Plummet

TOKYO, Sept. 10 -- Punctuating its worst week in history, Japan's main stock index plummeted nearly 10 percent Friday, as a mid-size Japanese life insurance company went bankrupt and fear-driven selling drove markets down across Asia.

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10.10.2008 14:24:59 - washingtonpost.com - Business

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Treasury Weighs Investing In Banks

The Bush administration is hammering out the final details of a plan that would allow the government to inject cash into banks in exchange for ownership stakes in an effort to shore up confidence in the faltering financial system, according to officials and sources who have been in contact with the...

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10.10.2008 06:00:00 - washingtonpost.com - Business

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Citigroup Ends Bid To Buy Wachovia

Citigroup has ended its pursuit of Wachovia, allowing Wells Fargo to proceed with its $15 billion deal to buy the troubled Charlotte bank and emerge as one of the largest retail and commercial banks in the United States.

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10.10.2008 06:00:00 - washingtonpost.com - Business

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Detroit's Ills Symptomatic Of a Manufacturing Plague

DETROIT -- First it was the outsourcing of components, and then vehicle assembly. Then gasoline prices shot up, slashing demand for trucks and sport-utility vehicles. Now, just when things seemed as if they could not get any worse here, the credit crunch and the subsequent stock market meltdown have...

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10.10.2008 06:00:00 - washingtonpost.com - Business

washingtonpost.com - Business

Europe Unified On Proposal to Protect Banks

Financial Anxiety Rising, Poll Finds

Trace the History Of Virginia, and Of Its Plumbing

Where Fantasy Meets Reality

Wall St. Caps One of Its Worst Weeks Mixed

Bush Says Markets Must Remain Calm Despite Challenges

Asian, European Stocks Plummet

Treasury Weighs Investing In Banks

Citigroup Ends Bid To Buy Wachovia

Detroit's Ills Symptomatic Of a Manufacturing Plague

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