Lloyds TSB refuses to rule out compulsory redundancies as it takes over rival HBOS in a £12bn deal - although it says claims 40,000 jobs could go are "ridiculous".
AP - Wall Street's biggest crisis since the Great Depression forced the Federal Reserve and central banks in other countries to pump billions of dollars into the world's banking system in an urgent bid to stop further damage.
AP - Eager to show that he feels people's pain, President Bush scuttled a political fundraising trip Thursday to tell the country his administration is working feverishly to calm turmoil in the financial markets.
AP - The barrier island community of Galveston just "isn't ready" for residents to return even briefly to the city thrashed by Hurricane Ike, officials said Thursday as they pleaded for at least another week to make repairs.
Eighteen-year-old Susan El-Baneh and her husband of three weeks died holding hands, her brother said, victims of a terrorist attack on the U.S. Embassy in Yemen. The Lackawanna, New York, native, a high school senior, had gone to Yemen a month ago for an arranged marriage. She and her husband were at the embassy to find out how to bring her husband back to the United States.
President Bush says the U.S. economy still faces "serious challenges." Recent actions taken to stabilize the economy "are necessary and they are important and the markets are adjusting to them," Bush said. "My administration is focused on meeting these challenges," he said.