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2008-10-06 22:00:57 - Lehman sought millions for execs while seeking aid (AP) (mostviewed)
AP - The now-bankrupt investment bank Lehman Brothers arranged millions in bonuses for fired executives as it pleaded for a federal lifeline, lawmakers learned Monday, as Congress began investigating what went so wrong on Wall Street to prompt a $700 billion government bailout.

2008-10-06 22:00:57 - Supreme Court closely divided on tobacco case (Reuters) (mostviewed)
Reuters - The Supreme Court seemed closely divided as it heard arguments on Monday over whether tobacco firms can be sued under state law for deceptive advertising of "light" cigarettes, a case that could affect some 40 suits around the country seeking billions of dollars.

2008-10-06 22:00:56 - Fed to provide as much as $900B in loans to banks (AP) (mostviewed)
AP - The Federal Reserve will provide as much as $900 billion in cash loans to squeezed banks in an urgent effort Monday to break through a dangerous credit clog that threatens the economy and has unhinged financial markets around the globe.

2008-10-06 22:00:54 - Bad connection caused atom smasher shutdown (AP) (mostviewed)
AP - A bad electrical connection likely caused the malfunction that sidelined the world's largest atom smasher days after it was launched with great fanfare, a senior scientist said Monday.

2008-10-06 22:00:53 - Dow finishes below 10,000 for first time since '04 (AP) (mostviewed)
AP - Wall Street joined in a worldwide cascade of despair Monday over the financial crisis, driving the Dow Jones industrials to their biggest loss ever during a trading day. Even a big afternoon rally failed to keep the Dow from its first close below 10,000 since 2004.

2008-10-06 22:00:53 - Debate stakes higher for McCain as insults mount (AP) (mostviewed)
AP - Running short on time, John McCain has the most riding on the second presidential debate, though Barack Obama will be out of his scripted comfort zone in the town hall-style confrontation. It could be ugly if Monday's tussling is any indication.

2008-10-06 20:01:41 - Citigroup sues Wachovia, Wells Fargo for $60B (AP) (mostviewed)
AP - Citigroup Inc. said Monday it has filed a complaint in New York Supreme Court against Wachovia, Wells Fargo and the directors of both companies seeking more than $60 billion in damages for interfering with the bank's planned takeover of Wachovia's banking operations.

2008-10-06 18:01:19 - Officials pledge to move quickly on rescue (AP) (mostviewed)
AP - The Treasury Department moved swiftly Monday to implement the financial rescue package, edging closer to naming who will oversee spending the $700 billion earmarked for the plan and pledging to work with other countries to calm global financial markets.

2008-10-06 16:03:41 - Treasury and Fed pledge rapid response to crisis (AP) (mostviewed)
AP - The president's top economic advisers are pledging to work with their counterparts around the world to restore confidence and stability to financial markets roiled by tight credit and worries about a global economic slowdown .

2008-10-06 16:03:41 - Congress opens hearings on financial meltdown (AP) (mostviewed)
AP - Days from becoming the largest bankruptcy in U.S. history, Lehman Brothers steered millions to departing executives even while pleading for a federal rescue, Congress was told Monday.

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