October 1, 2008

With banks tightening up their lending, any hope for a recovery in vehicle sales this year has been dashed.

Europe now faces a financial crisis almost as grave as that in the United States — demonstrating how swiftly this contagion is spreading around the world.

After seven years of nonstop construction and skyrocketing rents and sale prices, the credit crisis is bringing an end to the city’s real estate boom.

The S.E.C. issued an interpretation of an accounting standard that could make it easier for banks to report smaller losses when they announce results for the third quarter.

Lou Piniella’s Chicago Cubs will host Joe Torre’s L.A. Dodgers when their National League division series opens Wednesday night at Wrigley Field.