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San Luis Obispo, California

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Fear Drives Wild Trading Ahead Of G-7 Meeting

For the first time ever, the Dow Jones industrial index traded in a 1,000-point range on Friday. The Dow ended its day of wild swings down 128 points, to close at 8,451.19.
Fears Grow That Tight Credit Could Crush GM, Ford

Standard & Poor's downgraded the credit of General Motors and Ford Motor Co. and their financing arms this week. Many fear the automakers lack enough cash to sustain their business during this downturn, and that if they falter, it could have widespread repercussions on the U.S. economy.
Panel Finds Palin Abused Power As Governor

An investigator working for the Alaska Legislature concludes that Gov. Sarah Palin abused her power when she fired the state's public safety commissioner. The probe centered on whether the firing was linked to Palin's feud with her ex-brother-in-law, a state trooper.
Paulson OKs Bank Stock Purchase Plan

Treasury Secretary Henry Paulson has said the government will go ahead with a plan to buy stocks in financial institutions. Meanwhile, The Group of Seven industrialized nations agreed to work together to fix the global economy.
Markets Fall Amid Credit Woes

Markets have fallen despite President Bush saying the U.S. is using a "wide range of tools" to address the chaos in the financial markets. Many finance-watchers blame tight credit markets for the trouble. Banks are not lending to on another.