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One Thing You Can Control: Your Credit Score (New York Times)
Tips for improving your credit standing since your credit score is something that you have a fair bit of control over.
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GE mulled bank charter as credit markets chilled (Reuters via Yahoo! News)
As General Electric faced a recent credit crunch, the U.S. conglomerate considered seeking a bank charter that would give it access to government lending channels, sources familiar with the company's thinking said on Friday.
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G7 vows to fight credit crunch but details sketchy (Reuters via Yahoo! News)
The world's rich nations vowed on Friday to take all necessary steps to unfreeze credit markets and ensure banks can raise money but they offered no collective course of action to avert a deep global recession.
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Dow, S&P 500 end lower on credit woes (Reuters via Yahoo! News)
The Dow and the S&P 500 fell for an eighth day on Friday, as a dramatic late-day comeback stalled out to cap the worst week ever for the S&P 500 amid more anxiety about the condition of credit markets and the threat of a global recession.
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US stocks extend huge losses over credit concerns (AP via Yahoo! News)
Wall Street seesawed Friday, with the Dow Jones industrials spinning from an early loss of nearly 700 points to a modest late-day advance while investors looked for bargains after eight straight days of massive losses. The Dow still headed for its worst week ever, though, as investors still worried about credit markets that remain near paralysis.
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Signs of limited credit thaw emerge in money markets (Reuters via Yahoo! News)
Banks cut the rates they charge each other for overnight loans in U.S. dollars and euros on Friday, and the rate on one-day corporate IOUs eased from Thursday, providing tentative signs that some corners of the credit market are thawing.
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Wall St. slides on credit, recession fears (Reuters via Yahoo! News)
Stocks tumbled in a turbulent session on Friday, as panicked investors dumped stocks in a global sell-off on mounting fears that frozen credit markets would push the world into recession.
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Harper says mortgage plan to ease credit (Reuters via Yahoo! News)
Prime Minister Stephen Harper said on Friday that a C$25 billion ($21 billion) mortgage plan launched by his government would buffer domestic credit conditions from a global financial crisis that he said was unfolding beyond Canada's control.
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Lehman Credit-Swap Auction Sets Payout of 91.38 Cents (Update2) (Bloomberg)
Oct. 10 (Bloomberg) -- Sellers of credit-default protection on bankrupt Lehman Brothers Holdings Inc. will have to pay 91.375 cents on the dollar to settle the contracts, setting up the biggest-ever payout in the $55 trillion market.
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G-7: 'Extraordinary' steps needed to restore markets, credit (CNNMoney.com via Yahoo! Finance)
Finance ministers from the world's top economies pledged Friday to work together to stabilize global financial markets, but did not provide concrete plans to address the credit chaos sweeping the world.
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