Top Money Stories

The Federal Reserve says that it is coordinating with other central banks to deal with a global credit crunch in "the biggest act of global economic cooperation since September 11," according to one expert. The move came one day after the Federal Reserve cut its key rate by one-quarter of a percentage point.

Crude oil prices rise $4.37 after the government reports an unexpected decline in supplies. At the pump, meanwhile, gas prices retreat further below $3, to a national average of $2.99 a gallon. Also See: Judge Rejects Automakers' Emissions Suit

Bank of America says it expects fourth-quarter writedowns of collateralized debt obligations to exceed the $3 billion it estimated a month ago, but expects to remain profitable. Also See: Wachovia Doubles Loan Loss Provision

Drugmaker Merck recalls more than one million doses of a childhood vaccine used to prevent meningitis and pneumonia after tests reveal a sterilization problem at one of its plants. The move is likely to heighten a debate over the safety and necessity of childhood vaccines, which are suspected by some parents of being linked to autism. Quote: MRK

As the nation struggles with turmoil in the housing market, learn what former Fed chairman Alan Greenspan sees as the root cause of the subprime mortgage meltdown.

Citigroup ends its search for a new CEO, naming Vikram Pandit, the head of its investment banking business to lead the bank and repair its reputation after billions of dollars in losses this year. BloggingStocks' Peter Cohan recommends three steps he can use to boost Citi's stock. Quote: C