The flow of money through critical parts of the financial system all but stopped Wednesday, prompting the stock market to plunge again as banks lost faith in one another and investors rushed to U.S. government securities to protect their savings. ...more

September 18, 2008

The investment bank Goldman Sachs, the firm that has looked the best throughout the credit crisis, reported a profit Tuesday of $845 million, or $1.81 a share, in the third quarter, down 70 percent from a year ago. ...more

September 17, 2008

More than 200 years after it was born at the base of a buttonwood tree, Wall Street as we have known it is ceasing to exist. ...more

September 17, 2008

In another unnerving day for Wall Street, investors suffered their worst losses since the Sept. 11 attacks, and government officials raced to prevent the financial crisis from spreading. ...more

September 16, 2008

In one of the most dramatic days in Wall Street's history, Merrill Lynch agreed to sell itself to Bank of America for roughly $50 billion to avert a deepening financial crisis while another prominent securities firm, Lehman Brothers, hurtled toward liquidation after it failed to find a buyer, people briefed on the deals said. ...more

September 15, 2008

When federal regulators start writing new rules for financial institutions next year, they should demand big changes in how bankers and traders are paid. ...more

September 13, 2008

Global demand for coal has shown some signs of slack, leaving investors to wonder what's next for U.S. producers who have seen prices at times triple during the past year. ...more

September 5, 2008

The Olympics may just be a sporting event, but it is hard not to read larger messages into the results, especially when you see how China and America have dominated the medals tally. Both countries can - and will - look at their Olympic successes as reaffirmations of their distinctly different political systems. But what strikes me is how much they could each learn from the other. This, as they say, is a teaching moment. ...more

August 26, 2008

Private equity powerhouse Kohlberg Kravis Roberts & Co. said Monday a plan to go public through a takeover of its Amsterdam-listed investment fund gives it access to new markets to make acquisitions and provides European shareholders better value. ...more

July 29, 2008

As financial storm signals appeared the last 18 months, there were Bush officials who urged drastic reform of Fannie Mae and Freddie Mac. But, according to internal government sources, Treasury Secretary Henry Paulson objected because it would look "too political." The Republican administration kept hands off the government-backed mortgage companies that are closely tied to the Democratic establishment. ...more

July 21, 2008