Business News - AP

HONG KONG - Asian stocks plummeted Thursday, with Tokyo's market plunging more than 10 percent, after another dive on Wall Street as worse-than-expected data about the U.S. economy heightened fears of a global recession.

SINGAPORE - Oil prices fell to a 14-month low Thursday in Asia as bad U.S. economic news heighten fears that a significant global economic slowdown will undermine demand for crude.

TOKYO - Japanese Prime Minister Taro Aso said Thursday the U.S. bank bailout is "insufficient" and is contributing to the renewed plunge in global stock markets.

NEW YORK - Given Google Inc.'s reputation as a trend setter on the Web, I expected great things from its first mobile phone — especially since it is emerging more than a year after Apple Inc. launched the enormously popular iPhone.

NEW YORK - EBay Inc. posted a third-quarter profit that beat analyst forecasts Wednesday, but its lower-than-expected fourth-quarter outlook indicated the online auction site operator is not immune to the slowing economy.

BRUSSELS, Belgium - The Group of Eight major industrial nations announced Wednesday they will hold a global summit — perhaps as early as November in New York — to forge common action to prevent another economic meltdown.

NEW YORK - The U.S. has not endured a deep and prolonged recession in more than a quarter century — enough time for many Americans to forget what one feels like.

WASHINGTON - The country has sunk deeper into an economic rut, the Federal Reserve reported Wednesday, reflecting mounting damage from the financial and credit crises.

WASHINGTON - Retail sales fell off a cliff in September, plunging by the largest amount in three years as worried consumers shunned the malls and auto showrooms in the midst of the country's financial meltdown.

NEW YORK - In the midst of one of the nation's worst credit crises, JPMorgan Chase & Co. and Wells Fargo & Co. managed to report better-than-expected third-quarter results on Wednesday. But even two of the country's strongest banks proved they are not immune to the widespread credit problems plaguing their peers.

NEW YORK - Investors agonizing over a faltering economy sent the stock market plunging all over again Wednesday after a stream of disheartening data convinced Wall Street that a recession, if not already here, is inevitable. The market's despair propelled the Dow Jones industrials down 733 points to their second-largest point loss ever, and the major indexes all lost at least 7 percent.

DETROIT - With October auto sales expected to fall short of September's 15-year low, General Motors Corp. is launching a campaign this week to reach people who have stopped looking for cars out of fear that they can't get a loan.

ATLANTA - A steep drop in fuel prices has not given airlines much reason to celebrate due to a worsening economy that threatens to curb demand for flights heading into next year.

WASHINGTON - Debt insurers, say hello to government regulation. Say farewell to voluntary compliance and disclosure.

NEW YORK - The Coca-Cola Co. reported its profit rose by double digits, weathering a volatile third quarter in which consumers felt pressured by economic uncertainty.

NEW YORK - JPMorgan Chase & Co.'s profit tumbled 84 percent in the third quarter after it took big hits from souring mortgage investments, leveraged loans and home loans.

NEW YORK - Charles Schwab Corp. reported Wednesday its third-quarter earnings fell sharply from results that included a big gain a year ago, but still topped analysts expectations. The ongoing financial market turmoil weighed on the retail brokerage's assets under management.

ATLANTA - Delta Air Lines Inc. will scale back international growth plans in the coming months and is prepared to cut more domestic capacity if needed to weather the global financial crisis that has intensified in recent weeks, executives said Wednesday as the carrier reported it swung to a loss in the third quarter despite a rise in sales.

BRUSSELS, Belgium - EU leaders endorsed a euro1.7 trillion ($2.3 trillion) continent-wide emergency bailout for the banking sector at summit talks Wednesday, and turned to debate other measures to prevent the global financial crisis from stalling the economy.