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.

AFP - Online auction giant eBay Inc. announced on Monday it was cutting 1,000 permanent employees and several hundred temporary workers, about 10 percent of its global workforce.

Reuters - American singer Pink has toppled Kings of Leon from the peak of the British pop charts with her single "So What," the Official UK Charts Company said on Sunday.

AP - Josh Beckett waited four extra days for a chance to show his postseason brilliance.

AP - EBay Inc., which still reaps big profits but has been struggling to attract new users, said Monday it will cut about 1,000 jobs in an attempt to streamline its business. The cuts amount to 10 percent of eBay's work force.

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.