Stocks And Money Information

Reuters - There could be more pain ahead for Wall Street on Tuesday as the odds of quick passage of the $700 billion bill to bail out the financial sector looked slim after lawmakers rejected the first version on Monday.

Investor's Business Daily - Investor flight from stock funds continued in August, but at a slower pace. Investors pulled out $19.47 billion. That was down from the $27.37 billion they yanked out in July.

AFP - London's FTSE 100 index of leading shares was up 0.22 percent in late morning deals, lifted by bargain hunting in the wake of a rout across Asia markets and on Wall Street overnight.

Reuters - The Toronto Stock Exchange's main index jumped more than 4 percent on Tuesday, recouping more than half the previous day's heavy losses, as energy issues got a boost from crude oil's recovery, while hopes for a revived Wall Street rescue plan calmed investor nerves.

AP - Volatile world stock markets showed mixed reactions Tuesday to U.S. lawmakers' rejection of a $700 billion economic rescue plan, with global investors turning from sellers to buyers as the day progressed.

Reuters - U.S. securities regulators on Tuesday gave the financial industry a reprieve from marking hard-to-value assets down to fire sale prices, throwing a lifeline to an industry beset by strained credit markets and the latest round of bank failures.

AP - Wall Street snapped back Tuesday after its biggest sell-off in years amid growing expectations that lawmakers will salvage a $700 billion rescue plan for the financial sector. But the seized-up credit markets where businesses turn to raise money showed no sign of relief.