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Treasury Secretary Henry Paulson consulted with Federal Reserve Chairman Ben S. Bernanke as stocks slid worldwide and met with his team to set up the $700 billion program to shore up the financial system.
Paulson also spoke with New York Fed President Timothy Geithner and reached out to Wall Street executives, Treasury spokeswoman Brookly […]

Now get ready for Bailout Redux - the House vote.
The fate of the Bush administration’s planned $700 billion financial system bailout rests in the House, which sparked a huge selloff on Wall Street on Monday with its surprise 228-to-205 rejection of the bill.
Late Wednesday night, the Senate voted 74 to 25 to approve the […]

Monsanto Co., the Creve Coeur-based agribusiness giant, raised its financial guidance for fiscal 2008 again, citing a strong wrap-up to the year from sales of Roundup and other herbicides. But investors were spooked on Thursday as a Merrill Lynch analyst said profit growth from Roundup may slow.
Roundup price gains may be peaking because […]

Home prices dropped in 24 of 25 U.S. metropolitan areas in July, led by declines in Las Vegas and the coastal cities of California, as foreclosures depressed prices and accounted for a fifth of all sales.
Las Vegas had the biggest drop on a per-square foot basis, falling 33 percent in July from a […]

Oil prices tumbled more than $10 a barrel Monday - the second biggest drop in dollar terms ever on an active contract - as the government’s proposed $700 billion bailout was defeated by the House, adding to concerns about the spread of economic weakness worldwide.
A stronger dollar also pushed the price of oil […]