Treasury Secretary Paulson defended his response to the financial
crisis and said the government had all the necessary tools to prevent a
collapse

Paulson struck back at criticism of his controversial decision in September
to ...   more »

The Internation Monetary Fund bails out Iceland with Turkey and
Latvia close behind.

* Putin promises Russians protection from past shocks
* Peugeot, AstraZeneca, Rolls Royce announce lay-offs

REUTERS -
Economic misery spread across Europe ...   more »

U.S. stocks touched lows not seen since October 2002 after a spike
in unemployment claims added to fears the economy is rapidly sinking.
Stocks made a sizable dent in early morning losses by lunchtime, but
...   more »