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In new era, U.S. may buy $250 billion in NEW YORK (Reuters) - The United States ushered in a new era in banking on Tuesday with plans to take equity stakes worth up to $250 billion in financial institutions, an incursion into the private sector that U.S. officials called a regrettable last resort.
Obama opens 6-point lead WASHINGTON (Reuters) - Democrat Barack Obama has opened a 6-point lead over Republican John McCain one day before the White House rivals meet in their final debate, according to a Reuters/C-SPAN/Zogby poll released on Tuesday.
Market loses ground NEW YORK (Reuters) - Stocks fell on Tuesday as investors sold technology shares on fears that fallout from the credit turmoil would hurt profits despite the U.S. government's plan to invest in banks to shore up the financial system.
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