turmoil

Wachovia board forces out CEO Ken Thompson

CHARLOTTE, N.C. -- Wachovia Corp. chief executive Ken Thompson was pushed out Monday as head of the nation's fourth-largest bank, becoming the latest financial services executive to be ousted amid turmoil in the U.S. housing market.

Palestinians hope to draw investment at conference

RAMALLAH, West Bank -- The West Bank is open for business after years of bloody turmoil.

Bernanke: Financial turmoil in markets easing

WASHINGTON -- Turmoil in financial markets has eased somewhat, but the situation is still "far from normal," Federal Reserve Chairman Ben Bernanke said Tuesday.

Stocks decline as AIG reveals need for cash, oil surges

NEW YORK -- Wall Street ended the week with a big decline as investors grappled with two of the biggest threats to the economy: fallout from turmoil in the credit market and surging energy prices. All three major indexes suffered losses for the week.

Stocks decline as AIG reveals need for cash, oil surges

NEW YORK -- Wall Street ended the week with a big decline as investors grappled with two of the biggest threats to the economy: fallout from turmoil in the credit market and surging energy prices. All three major indexes suffered losses for the week.

Executives see credit and housing as big threats

WASHINGTON -- Turmoil in credit and housing markets will be the most significant threat to growth this year, according to a survey of top financial company executives released Friday.

House backs student loan intervention bill

WASHINGTON (Reuters) - The House of Representatives on Thursday overwhelmingly approved a bill calling for federal intervention to stabilize the student loan market amid turmoil brought on by the mortgage crisis.

Congress Acts to Boost Student Lending

WASHINGTON -- The House on Thursday backed a measure aimed at ensuring students get college loans amid the turmoil in the credit markets.

Congress panel backs bill on student loan upheaval

WASHINGTON (Reuters) - The $85 billion student loan business is in turmoil and with millions of U.S. students locking in funding for the coming school year, Congress is scrambling to make sure enough money is available.

Worst Quarter For Stocks Since '02

NEW YORK, March 31 -- U.S. stocks ended the first quarter with the steepest loss in nearly six years as turmoil in the financial markets showed increasing signs of spilling over into the wider economy and debate turned from whether a recession was coming to how deep it would be.

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