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Dow jumps over 700 as governments pledge bank aid
AP - 11 minutes ago
NEW YORK - Wall Street snapped back from last week's devastating losses after major governments announced further steps to support the global banking system, including plans by the U.S. Treasury to buy stocks of some banks. All the major indexes rose more than 8 percent, and the Dow Jones industrials rose more than 700 points.
- Video: All Eyes on the Market ABC News
Obama calls for 90-day moratorium on foreclosures
AP - 10 minutes agoTOLEDO, Ohio - Democrat Barack Obama proposed more immediate steps Monday to heal the nation's ailing economy including a 90-day moratorium on home foreclosures at some banks and a two-year tax break for businesses that create new jobs.
- Video: The Bottom Line on McCain's Campaign ABC News
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Strategists: McCain must hammer on economy
Politico - Mon Oct 13, 5:53 AM ETTop Republican strategists believe John McCain’s stalled presidential campaign can only be revived if the Arizona senator takes an immediate and decisive turn in direction, one marked by an almost unwavering focus on the economy and a sharp break from Bush administration economic policy.
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- Japanese bank invests $9 billion in Morgan Stanley AP - Mon Oct 13, 10:15 AM ET
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