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  • GM Approached Ford About Merger

    General Motors approached Ford in recent months about a possible merger but Ford called off the talks.

  • U.K. Banks to Announce Bailout Details

    Some of the U.K.'s largest banks are expected to detail early Monday their participation in a bailout plan that could force the departure of some of their top executives.

  • Documents Show AIG Knew of Risks

    AIG officials knew of potential problems in valuing derivative contracts long before the risky deals became an issue, documents show.

  • Morgan Stanley Drops Into Single Digits

    Morgan Stanley shares continued their freefall, raising doubts Mitsubishi's investment deal will go through.

  • YouTube to Offer Full TV Shows

    YouTube said it will begin showing full-length television programs, including shows such as "The Young and the Restless" and "Dexter," in addition to its shorter video offerings.

  • Oracle Sees Takeover Opportunities

    Oracle CEO Larry Ellison said his company may take advantage of the slumping economy to acquire other software companies at a buyer's price.

  • BYD to Launch Electric Car in China

    BYD Auto Co. is expected to unveil Sunday what it claims as China's first mass-produced electric vehicle.

  • Trade Deficit Shrinks, but Exports Drop

    Tumbling oil prices and lower demand for crude offset a decline in exports and narrowed the U.S. trade deficit in August.

  • Wachovia Will Forgo Vote on Deal

    Wachovia won't seek shareholder approval for its deal to be acquired by Wells Fargo because delaying the transaction for a vote would seriously jeopardize the financial viability of the bank.

  • Two Banks in Midwest Fail

    Regulators seized two small banks in Michigan and Illinois, raising the number of failures this year to 15 and providing a reminder of how institutions around the country are struggling to survive.

  • GE's Profit Drops 22%

    General Electric reported lower net income, in line with the company's recent warning. Its financial-services business had a profit, but drove the decline.

  • Walgreen CEO Steps Down

    Walgreen chief Jeffrey A. Rein is stepping down after 26 years with the company. The drugstore chain, which recently abandoned its bid for rival Longs, named Alan G. McNally as chairman and acting CEO.

  • Economists Expect Crisis to Deepen

    The U.S. economy has sunk into a recession and government action is critical to stem the damage, according to economists in the latest Wall Street Journal forecasting survey.

  • Russian Steelmaker Slashes Output

    Russia's Severstal said it is cutting production by a third, as steel demand and prices slump amid the global economic slowdown.

  • World's Financial Leaders Vow to Unite

    Bush and the world's financial leaders staged repeated displays of unity to combat an unfolding credit crisis, hoping to calm investors.

  • North Korea Taken Off U.S. Terror List

    North Korea has agreed to all U.S. nuclear inspection demands. The development allowed the Bush administration to remove the country from a terrorism blacklist.

  • McCain Asks Supporters to Show Respect

    McCain spoke out against the nastiness his Republican crowds have been demonstrating toward Obama and promised to treat Obama with respect.