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  • The stock market ends the week negative by more than 3%, for the worst weekly performance since 2/9/2008 for the Dow and NASDAQ, and the worst weekly performance for the S&P since 6/21/2008.  Intraday the Dow falls 20% from its market high of 14,164.53 set on October 9th, pushing the market into bear market territory, with the S&P 500 and NASDAQ also close to a 20% loss from their peak levels.

  • UBS headquarters in Zurich, Switzerland.

    Beleaguered Swiss bank UBS is considering the sale of Paine Webber, the heart of its U.S. wealth management business, according to sources with direct knowledge of the matter.

  • The Dow closed at its lowest level in nearly two years after a downgrade on brokerage stocks and a slew of weak earnings and economic reports.  Several Dow components and several financial stocks hit multiyear lows, with the biggest shock coming from GM, which fell to its lowest in more than 50 years.

  • The Dow dropped to its lowest level in nearly two years after a downgrade on brokerage stocks and a slew of weak earnings and economic reports.  Several Dow components and several financial stocks hit multiyear lows, with the biggest shock coming from GM, which fell to its lowest in more than 50 years.

  • The Dow dropped to its lowest level in nearly two years after a downgrade on brokerage stocks and a slew of weak earnings and economic reports.  Several Dow components and several financial stocks hit multiyear lows, with the biggest shock coming from GM, which fell to its lowest in more than 50 years.

  • Massachusetts authorities sued two subsidiaries of Swiss bank UBS Thursday, charging they misled investors about how safe auction rate securities were.

  • Here are interviews with two shareholders who attended the standing room only meeting at Countrywide headquarters today. One is Scott Adams, of the American Federation of State, County and Municipal Employees, which voted "yes" today with its 48,000 shares.

  • Deal, Handshake

    Angelo Mozilo presided over the meeting. It only lasted about 15 minutes. No speeches by shareholders. Even though 69 percent of shares voted yes, the actual percentage of votes cast was around 97 percent meaning about 30 percent of shares didn't vote at all.

  • CountryWide

    The Illinois attorney general's office plans to sue Countrywide Financial and Chief Executive Angelo Mozilo on Wednesday, claiming the troubled mortgage lender engaged in deceptive trade practices.

  • countrywide_logo2.jpg

    As Countrywide shareholders vote on whether to be acquired by Bank of America--on the same day the state of Illinois is suing the Countrywide and CEO Angelo Mozilo for fraud--research firm SNL Financial says a horrible year for banks and thrifts hasn't stopped them from paying their chief execs pretty well.

  • CountryWide

    The Illinois attorney general's office plans to sue Countrywide Financial and Chief Executive Angelo Mozilo on Wednesday, claiming the troubled mortgage lender engaged in deceptive trade practices.

  • Energy concerns weighed heavily on Wall Street on Tuesday. What follows are the day's video highlights.

  • In the funny business of stock analysis, I found an interesting take on the Bank of America-Countrywide deal. Market Edge Research has a Buy on Countrywide and a Sell on BofA. 

  • Strategas Research analysts today say the market looks oversold and could be setting up for a short-term rally. In a note today, the firm looked at the record level of short interest and other factors. Last week, the percent of short interest on the NYSE was at 4.2 percent, an all time high.

  • Countrywide's headquarters in Los Angeles.

    I'm going to be outside Countrywide headquarters Wednesday as shareholders vote on the mortgage giant's acquisition by Bank of America. The result is a foregone conclusion.

  • It was a low volatility, low volume day, but regardless: there was a lot of damage done.

  • wall_street_sign2_200.jpg

    More Wall Street firms, facing the specter of tougher regulation and slumping capital markets, will follow the path of Bear Stearns and be forced into the arms of deposit-rich commercial banks, veteran banking analyst Charles Peabody told Reuters.

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    Almost everywhere they looked during the week, investors saw red ink flowing. But CNBC guests worked hard to find bright spots in the murk.

  • Stocks fell sharply Friday as oil prices climbed about $3 and a concoction of rumors and bad news shook up the banking sector. Rounding the bend toward the closing bell, the Dow was off nearly 4 percent for the week, the S&P off 3 percent and the Nasdaq off 2 percent.

  • One of this sector's last lines of defense in the market is falling through.