Local governments withdrew $1.2 billion in less than four hours on Thursday when a state-run investment pool reopened for the first time in a week. ...more

December 7, 2007

The headlines have been downright scary: "Investor Fund Panic." "State Pool Frozen." "Fear Rocks State Fund." ...more

December 6, 2007

A day after state leaders tried to repair a state investment fund decimated by uncertainty and massive withdrawals, its shareholders were still sorting out the results. ...more

December 6, 2007

TALLAHASSEE - A Florida-run investment pool for local governments will reopen this week to give the investors critical access to their cash, but the head of the agency that manages the fund resigned today amid questions about the pool's troubles. ...more

December 4, 2007

Wall Street rebounded Tuesday after Abu Dhabi Investment Authority said it will invest $7.5 billion in Citigroup, a vote of confidence for the bank that has suffered severe losses amid the ongoing crisis in the mortgage market. ...more

November 28, 2007

The Dow Jones industrial average dropped more than 360 points Friday - the 20th anniversary of the Black Monday crash - as lackluster corporate earnings, renewed credit concerns and rising oil prices spooked investors. ...more

October 20, 2007

Treasury Secretary Henry Paulson called Tuesday for an aggressive response to deal with an unfolding housing crisis that he said presents a significant risk to the economy. ...more

October 17, 2007

Citigroup's report of a 57 percent drop in third-quarter profit didn't surprise anyone. What did sound some alarms was the biggest U.S. bank's somber take on current conditions - suggesting that a hoped-for industry rebound may not come so easily. ...more

October 16, 2007

U.S. Rep. Barney Frank, whose efforts to clamp down on mortgage-lending abuses were thwarted by the last Republican Congress, is about to try again. He should have better luck this time. ...more

September 18, 2007