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US to buy stake in banks; first since Depression
WASHINGTON (AP) -- The government will buy an ownership stake in a broad array of American banks for the first time since the Great Depression, Treasury Secretary Henry Paulson said late Friday, announcing the historic step after stock markets jolted still lower around the world despite all efforts to slow the selling stampede.... Stocks end worst week mixed after wild session
NEW YORK (AP) -- Wall Street capped one of its worst weeks ever with a wild session Friday that saw the Dow Jones industrials gyrate within a 1,000 point range before closing with a relatively mild loss and the Nasdaq composite index actually ending with a modest advance. Investors were still agonizing over frozen credit markets, but seven days of massive losses and the possibility of further government support for the markets tempted some investors late in the session.... G7 endorses plan to battle financial crisis
WASHINGTON (AP) -- Finance officials from the world's top economic powers endorsed a plan Friday to stem the worst financial crisis in more than a half-century....
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