Stock prices collapsed around the world amid growing fears that the credit crisis would trigger a global recession, leading to speculation about co-ordinated emergency rate cuts by the Federal Reserve and other central banks

The online auction site purchased two Danish classifieds sites and payments servicer Bill Me Later.

One by one, European governments have had to deal with the financial crisis in their own way.

Bank launches $60B suit in wake of Wells Fargo's better bid.

Stocks tumbled around the world as a wave of selling spread from Asia through Europe and the US as banks continued to reel from funding shortages and governments scrambled to stop a behind-the-scenes run on the world's banking system.