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World leaders pledge action plan to fight crisis

WASHINGTON (Reuters) - World leaders grappling with a global financial crisis pledged on Friday to deliver an action plan to ward off recession and prevent future meltdowns as divisions surfaced over reining in free markets.

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World leaders pledge action plan to fight crisis

Bush welcomes leaders for financial summit

WASHINGTON (Reuters) - World leaders grappling with a financial crisis vowed on Friday to work together to prevent future meltdowns as they gathered for a Washington summit amid signs of division over how far to go with market reforms.

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Bush welcomes leaders for financial summit

Lehman needs deal on assets with European unit

LOS ANGELES (Reuters) - Bankrupt Lehman Brothers Holdings Inc has filed court papers seeking approval to communicate with its European operations for help unwinding billions of dollars in assets that “sit unmanaged” and at risk of losing significant value.

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Lehman needs deal on assets with European unit

U.S. Senate to take up auto bailout

WASHINGTON (Reuters) - The U.S. Senate plans to take up a proposal to bailout distressed automakers, while the White House on Friday warned of partisan gridlock and recommended another route to get billions to Detroit fast.

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U.S. Senate to take up auto bailout

Citigroup reported to cut 10 percent of jobs

NEW YORK (Reuters) - Citigroup Inc plans to shed about 10 percent of its global workforce, a person familiar with the matter said Friday, as the bank tries to return to profitability and faces mounting criticism of Chief Executive Vikram Pandit.

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Citigroup reported to cut 10 percent of jobs

World leaders vow crisis action despite divisions

WASHINGTON (Reuters) - World leaders aiming to make the global economy resistant to future crises vowed to work together as they gathered for a Washington summit on Friday, though division on how much regulation is needed was evident.

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World leaders vow crisis action despite divisions

Citigroup reported to cut 10 pct of jobs

NEW YORK (Reuters) - Citigroup Inc plans to shed about 10 percent of its global workforce, a person familiar with the matter said Friday, as it tries to restore profit and quiet mounting criticism of Chief Executive Vikram Pandit.

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Citigroup reported to cut 10 pct of jobs

ECB talks up rate cuts with Europe in recession

FRANKFURT (Reuters) - European Central Bank officials talked up the chances of interest rate cuts on Friday as the euro zone entered its …

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ECB talks up rate cuts with Europe in recession

InBev cleared to buy Anheuser-Busch

WASHINGTON (Reuters) - Belgium’s InBev NV has been given antitrust approval to buy U.S. brewer Anheuser-Busch Cos Inc in a $52 billion (34.8 billion pound) deal on the condition it sell a subsidiary in upstate New York.

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InBev cleared to buy Anheuser-Busch

Lehman says some creditors may lose

LONDON (Reuters) - Some creditors of Lehman Brothers International (Europe) will likely lose their money, but it will take a long time before it becomes clear how much, administrators PricewaterhouseCoopers (PwC) said on Friday.

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Lehman says some creditors may lose