Reuters - Stocks plummeted for a seventh straight session on Thursday as investors bet recent moves by authorities worldwide to thaw frozen credit markets would not be enough to avert a global recession.
Prudential becomes latest insurer to warn (Reuters)
Reuters - Prudential Financial Inc is the latest major insurer to warn its quarterly profits would miss forecasts, as the shares of rivals were pummeled on concern they would need to raise capital.
Stocks plummet; U.S., Netherlands ready bank funds (Reuters)
Reuters - Fear-driven selling sent U.S. stocks plummeting to five-year lows on Thursday, the eve of a G7 meeting of economic powers to try to halt a global spiral of financial distress and slowing growth.
Chevron says upstream curbed, refining stronger (Reuters)
Reuters - Chevron Corp expects upstream production earnings to fall from the previous quarter due to lower prices and hurricanes, but said its refining performance would be much stronger.
Apparel chains report dismal September sales (AP)
AP - Dismal September sales results from mall-based apparel chains, released Thursday, offered more fresh evidence that American consumers, spooked by the financial meltdown, shut their wallets tight last month.
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