Full-time jobs go. UPDATE The Australian economy shed 15,400 full-time jobs in September, the worst decline in two years as companies cut their workforces to cope with slowing demand.

Two banks fold, bringing total to 15 failures this year. Northville, Mich.based Main Street Bank and Eldred, Ill.based Meridian Bank became the latest victims of the ongoing financial crisis on Friday, when they folded and their deposits were transferred by the..

Enormous Payouts on the Horizon. The collapse of Lehman Brothers Holdings Inc may force sellers of credit-default swaps including Pacific Investment Management Co to make the biggest-ever payout in the $55 trillion market.

From the outhouse... Derivatives traders were yesterday nervously picking their way through the wreckage of the Lehman Brothers bankruptcy in what was the biggest test to date of the unregulated $60 trillion credit default swaps..

Lender drops suit vs. Cook Cty sheriff on eviction. A mortgage lender that filed a lawsuit to force the Cook County sheriff to evict a suburban Chicago woman from her home announced Friday it has withdrawn the suit.

Banks lower prime rates on Ottawa's mortgage plan. Following up an announced government plan to buy mortgages from Canadian banks, a number of lenders on Friday announced plans to cut their prime rates - though by differing degrees.

London stocks slump again to near 10.0% loss. The London stock market plunged by almost 10.0 percent again on Friday, after fresh falls on Wall Street, as investors continued to fret over the worldwide financial crisis.

Brazil stocks plunge 10 percent in early trading. Brazils main stock index plummeted more than 10 percent in early trading Friday after steep declines in Asia, Europe. Other Latin America markets fell sharply as well.

Swaggers turn to shudders a year after market high. Just a year ago, investors were swaggering as the stock market surged to an all-time high. Now, almost everyone on Wall Street and Main Street seems to be shuddering amid a frightening reversal of fortune that has erased $8.3 trillion in shareholder wealth in the past 366 days.

London stocks plunge. The FTSE 100 index of leading shares plunged by almost nine percent on Friday after fresh falls on Wall Street, as investors continued to fret over the worldwide financial crisis.

Stock traders: Its the ugliest market ever seen. "Theres nothing thats come anywhere near this.".

Global stocks in turmoil as Wall Street gyrates. Global stock markets went into a freefall Friday as panicked investors found no place to hide, although Wall Street managed to stem the losses in a stomach-churning session of ups and downs.

US tech stocks not immune to market downturn. Even the giants of technology did not emerge unscathed from the bloodbath this week on Wall Street.

Are market falls good time to invest? DoA stock market falls like the recent one better times to invest money in stocks? If yes, then how should you go about investing in stocks? How long should you hold your positions if you have bought when the..

Dow Drops Over 600 Points After Bell; Then Picks Up. The Dow Jones industrial average opened with a 600-point plunge Friday, continuing its streak of negativity.

The Bloomberg Edge: Investors Punish Insurance Stocks. S&P 500 Insurance Index Down 48% in One Month; Default Protection Costs Jump, Sending Insurance Stocks Down; According to Fox-Pitt Kelton, Stocks with Highest Mortgage-Related Exposure are Hartford, American..

S&P Questions Whether California Can Borrow $4B. A credit rating agency on Friday questioned whether California will be able to raise $4 billion by selling bonds, just days before state officials planned to start offering them for sale on the market.

Media stocks fall and Viacom, CBS warn profit down. Entertainment media stocks dropped Friday as Viacom Inc. and CBS Corp. slashed profit forecasts, and Sumner Redstone's theater chain announced it would sell Viacom and CBS shares to pay down debt.

US stocks took a nosedive. Oct. 10 - correspondents and editors offer insight into this week's market losses.

Your Bank in Your Pocket. Property manager Joshua Rosenthal was in a car headed toward Miami Beach when he realized he needed to transfer a tenant's rent money to his company's account. No problem. The driver didn't even have to pull off the road. Rosenthal, owner of Bethesda property-management company CAPM, just fiddled..