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European stocks drop as Dow erases early gains (Washington Post)
LONDON -- European markets fell further Friday as early gains on Wall Street were wiped out amid mounting fears about the U.S. economy and the future of banking giant Citigroup Inc. in particular. Asian stocks closed mostly higher earlier in the day.

U.S. Stocks rebound on rate cut hopes (Reuters via Yahoo! UK & Ireland News)
World stocks rebounded from a 5-1/2 year low on Friday and oil rose above $50 as expectations of further interest rate cuts helped to cushion deepening gloom about the broader economy.

Geithner rallies stocks but Citi still ailing (Reuters via Yahoo! News)
President-elect Barack Obama wants New York Federal Reserve President Timothy Geithner as his Treasury secretary, news that sparked a stock market surge on Friday and fostered confidence that Obama may be taking up the U.S. economic reins before his inauguration in January.

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