NEW YORK (Reuters) - Stocks slid on Friday, as panicked investors unwound risky bets in a global sell-off on fears that tighter credit would spawn world recession.
WASHINGTON/NEW YORK (Reuters) - Warning that "anxiety can feed anxiety," U.S. President George W. Bush implored Americans to remain confident on Friday and promised to restore stability in the face of a global stock market panic.
WASHINGTON (Reuters) - The Group of Seven major nations is unlikely to adopt Britain's proposal to guarantee lending between banks when it meets today, a G-7 official said on Friday.
NEW YORK (Reuters) - Morgan Stanley and Goldman Sachs shares slumped on Friday after Moody's Investors Service said it might cut their ratings, reviving concerns about the viability of their banking models.
NEW YORK (Reuters) - A court hearing may be held on Monday over the rival bids of Citigroup and Wells Fargo & Co for Wachovia Corp even though Citigroup dropped out of negotiations, a U.S. judge said on Friday.