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  • Troubles in the $2.4 trillion bond insurance industry have been the focal point of a widening credit crisis as expected losses in mortgage-backed debt put the insurers' ratings at risk.

  • Wall Street

    A fresh wave of economic worry swept across Wall Street, aggravated by a spike in wholesale prices, dismaying corporate results, and oil trading above $100 a barrel.

  • Stocks were down sharply Friday after a reading on Midwest manufacturing came in at its lowest level in more than six years and a survey showed consumer confidence at its lowest level in 16 years.

  • Stocks were down sharply Friday after a reading on Midwest manufacturing came in at its lowest level in more than six years and a survey showed consumer confidence at its lowest level in 16 years.

  • Stocks were down sharply Friday after a reading on Midwest manufacturing came in at its lowest level in more than six years and a survey showed consumer confidence at its lowest level in 16 years.

  • WilburRoss2.jpg

    Billionaire investor Wilbur Ross will take a stake of up to a billion dollars in bond insurance company Assured Guaranty.

  • A foreclosed home for sale.

    Goldman Sachs issued a gloomy report on the financial services sector, saying housing prices are likely to fall further and write-downs will mount.