Former Lehman Brothers CEO Richard Fuld has been subpoenaed in connection with three grand jury probes into the investment bank's bankruptcy, a source with direct knowledge of the bankruptcy filing told CNN Friday.

Global stocks rallied at the open, on the heels of a massive rally in U.S. and European markets and in anticipation of more government investment in ailing banks.

Investors around the world cheered as stock markets experienced a broad-based recovery Monday from last week's dismal performance. But as the S&P 500 saw its best-ever point day a small group of stocks were left out in the cold.

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Banking giant Citigroup said Thursday it had ended talks with Wells Fargo about reaching an agreement to acquire parts of the struggling bank Wachovia and is no longer looking to buy any of Wachovia's assets.

Asia and Pacific stocks opened sharply lower Friday as investor fears about the global financial crisis deepened.

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Stocks sustained gains Wednesday afternoon after the Federal Reserve held a key short-term interest rate steady, as expected.

If you have a mortgage, carry credit cards and are considering a home equity loan to cope with soaring food and energy prices, you should be paying attention to what the Fed has to say.

A balmy breeze gently blows across the beach, with the warm, clear water of the Pacific Ocean just a few feet away. It's a place honeymooners and families go to get away from it all. But these days, things aren't so perfect in paradise.

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When it comes to advertising on the Internet, industry experts say "funny" sells. Viral video ads are a relatively new market and in just a short time have managed to change the rules of traditional advertising.

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President Bush has selected a new leader for the Small Business Administration: Santanu "Sandy" Baruah, who currently heads the Economic Development Administration at the Department of Commerce and has been a member of the Bush administration since 2001.

Jessie Prado sees himself as a bit of a trailblazer. His house in Boca Raton, Florida is easy to pick out. It's the only one with solar panels - and solar power. He, as well as his power company, Florida Power and Light, are making an investment in solar power in the Sunshine State.

If the outlook for the banking industry worsens in the months ahead, the Federal Reserve may have something to do with it.

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