The US stock market suffered its largest loss since the crash of 1987 amid panic over GM, Morgan Stanley and several big insurers, heightening speculation that the US would unveil a bank recapitalisation plan soon

Transportation officials will pursue the opposed auctions for take-off and landing slots in a bid to relieve air-traffic congestion and keep ticket prices low

General Electric's finance arm has significantly reduced its lending activities to middle-market private equity firms over the past few weeks as the credit crisis takes a toll on its ability to finance leveraged buyouts

Wells Fargo looked set to acquire Wachovia in a $11.7bn all-share deal after Citigroup pulled out of the bitter battle for the US sixth-largest bank because it did not want to buy the lender's bad assets portfolio without government help

Japan has rejected a North Korean proposal on nuclear verification, in a major blow to US efforts to reach a deal with Pyongyang towards removing nuclear weapons from the Korean peninsula

Stock market conditions look ever more like the 1930s and Benjamin Graham's book looks highly relevant now, writes John Authers

Carmaker insists it does not intend to seek protection in the face of concerns over its ability to continue funding its operations

Pre-tax losses of up to $6.6bn this year and up to $9bn in 2009 expected, largely because of consumers' ailing financial conditions

Morgan Stanley shares plunged more than 22% Friday as investors questioned the investment bank's future even with a major investment ...

Shares in Morgan Stanley plunged as investor confidence was shaken by a rating agency warning of a downgrade and speculation that the terms of its $9bn (£5.3bn) stake sale to Mitsubishi UFJ Group could be altered