The still-cinched credit markets are anticipating a half-point interest rate cut from the Federal Reserve this week, but investors are worried it won't be enough to quickly revive the economy. ...more

October 28, 2008

First, the $700 billion rescue for the economy was about buying devalued mortgage-backed securities from tottering banks to unclog frozen credit markets. ...more

October 26, 2008

Wall Street joined stock markets around the world in a huge sell-off Friday, sending major market indexes to their lowest levels in more than five years on the belief that a punishing economic recession is at hand. A grim outlook from electronics maker Sony helped trigger the selling, and another bleak forecast from the automaker Daimler added momentum to the drop. ...more

October 25, 2008

Kirk Kerkorian's investment firm said Tuesday it sold 7.3 million of its shares in Ford Motor Co. and plans to further cut what is now a 6.1 percent stake, for a potential loss of more than half a billion dollars on the investment. ...more

October 22, 2008

NEW YORK - Wall Street surged on a burst of optimism Monday, propelling the Dow Jones industrials up more than 400 points on more signs of a reviving credit market and comments from Federal Reserve Chairman Ben Bernanke. ...more

October 20, 2008

End Of An Era When the residents of Lexington fired on the British troops, there was no appreciation for the moment defining the nation's birth pangs. Yet it did. And when "the shot heard round the world" was iconized, that space and its many actors gained immortality. ...more

October 19, 2008

Gut-wrenching declines in the stock market, a financial panic that some have compared to the Great Depression and the realization that the U.S. may be headed to its worst recession in over a generation have trumped what should otherwise be good news: The return of $3-a-gallon gas. ...more

October 18, 2008

The region's transportation authority is responsible for building roads and a commuter rail system but doesn't have the money for either. ...more

October 18, 2008

The region's transportation authority is responsible for building roads and a commuter rail system but doesn't have the money for either. Now comes word it probably won't be able to raise taxes in Hillsborough, Pinellas and other counties in the region to pay for its transportation projects. Not in this economic climate. ...more

October 16, 2008

Credit rating agency A.M. Best Co. raised a warning about Florida's Hurricane Catastrophe Fund on Wednesday, saying the fund would run into difficulty raising new capital in the event of a major hurricane hitting the state. ...more

October 16, 2008