Airlines, Credit-Card Firms Duel for Cash
Financial turmoil is raising the stakes for airlines and credit-card companies as they look to overhaul their co-branding relationships, which are often adversarial but hugely lucrative.
ICI Joins Opposition to Money-Fund Rule
Mutual-fund companies are criticizing an SEC plan that would remove some of the restrictions on money funds buying of risky securities.
South Korea Fights to Prop Won
A slide in South Korea's won is prompting the government to take aggressive moves to prop up the currency.
Rattled Stock Markets Slide Again
The Dow industrials fell 344.65 points, or 3%, to 11188.23 amid growing fear that the global economy is sputtering. Financial and basic-materials shares were among the day's worst performers. Oil dropped 1.3%.
Pimco Names El-Erian Chief
Pimco named Mohamed El-Erian as sole CEO of the investment firm, which has seen strong returns this year.
