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EU to press for reform, Asia joins bailout

October 15, 2008 07:50 AM ET

BRUSSELS/LONDON (Reuters) - European leaders pressed on Wednesday for an overhaul of global financial structures after Asia joined western bastions of capitalism in bailing out banks to avert financial meltdown and tackle looming recession. Full Article

Dow, S&P 500 futures cut losses

October 15, 2008 07:26 AM ET

NEW YORK (Reuters) - The Dow and the S&P 500 stock index futures pared losses on Wednesday after bank JPMorgan Chase and Coca-Cola posted quarterly results. Full Article

JPMorgan profit plummets on loan losses

October 15, 2008 07:46 AM ET

NEW YORK (Reuters) - JPMorgan Chase & Co's third-quarter profit fell 84 percent, due to mark-downs on underperforming loans in its leveraged lending and mortgage-related portfolios, the bank said on Wednesday. Full Article

Global stocks shaken down on recession fear

October 15, 2008 07:49 AM ET

LONDON (Reuters) - Risk aversion wrestled stock markets down on Wednesday, snuffing out a two-day rally as investors returned to last week's rattled state even after government bank bailouts took the edge off money market stress. Full Article