AFP - London's FTSE 100 index of top shares nosedived by more than 8.0 percent in late afternoon trade Monday, accelerating losses on investor concerns about the spreading global financial crisis.

Reuters - Stocks plunged on Monday, sending the S&P 500 down more than 5 percent and the Nasdaq down more than 6 percent, on fears the widening credit crisis would drag the global economy into recession.

Reuters - More European governments followed Germany's lead on Monday offering guarantees to savers in a frantic effort to calm fears among investors over the worst financial crisis in nearly 80 years.

Reuters - U.S. federal banking regulators were aware of everything that was happening at Lehman Brothers Holdings Inc in the months leading to the investment bank's collapse, Lehman chief executive Richard Fuld told a Congressional hearing on Monday.

Reuters - Stocks slid at the open on Monday as widening fallout from the credit crisis fueled concerns about the economy and the profit outlook.

Reuters - The Federal Reserve on Monday announced a series of steps to funnel massive amounts of liquidity through clogged credit markets, including boosting the sizes of cash auctions and offering banks interest on reserves.

Reuters - EBay Inc plans to cut its work force 10 percent and sees third-quarter revenue hitting the low end of its forecast, though profit will exceed expectations, the online auction Web site said on Monday.

Reuters - Oil fell below $90 a barrel on Monday to its lowest level in eight months, pressured by expectations that the global credit crisis will bring a sharp fall in oil demand.

Reuters - The Treasury Department on Monday announced it will increase the size of its debt securities auctions to address increased funding needs posed by the $700 billion financial rescue package signed last week.

Reuters - Stock index futures stayed sharply lower on Monday as concerns about the widening fallout from the credit crisis overshadowed a statement by the Federal Reserve that the central bank will increase a facility to lend to banks.