Ruby Washington/The New York Times
E. Stanley O'Neal, the former chief executive of Merrill Lynch, was paid $46 million in 2006, $18.5 million of it in cash.
THE RECKONING
By LOUISE STORY
As regulators sift through the rubble of the financial crisis, questions are being asked about what role lavish bonuses played in the debacle.
By NICK BUNKLEY
The automaker said it would close its plants for two weeks longer than usual in response to plunging vehicle sales in the United States.
Bloomberg News
Crude hit its lowest in more than four years on skepticism that OPEC's supply cut will be enough to offset a sharp decline in demand.
By KATRIN BENNHOLD
With the global economy in a tailspin, Europe's labor movement has remained notably quiet, revealing how fragmented the labor movement has become and how much heavier the pressures of globalization.
By CARTER DOUGHERTY AND DAVID JOLLY
The American currency is firmly back on a downward trajectory as the world digests the implications of a brutal recession in the United States.
By LOUISE STORY
The firm and its closest rival, Goldman Sachs, have yet to prove they can find new ways to churn out high profits in the new environment.
By NELSON D. SCHWARTZ
Some, notably Société Générale, avoided Bernard Madoff. But the size of the scheme calls into question why other big banks on the Continent failed to spot risks.
MARKETS
Bloomberg News, Reuters
A combination of regional and overseas moves helped lift sentiment.
By ERIC KONIGSBERG
Through an investment firm in Connecticut, Walter Noel and his sons-in-laws, who are from Colombia, Switzerland and Italy, helped the Madoff firm extend its global reach.
Reuters
The pound hit a record low against the euro after the data, which coincided with minutes from the Bank of England that showed policy makers had discussed an even bigger rate cut this month than the one percentage point cut it enacted.
By BETTINA WASSENER
Analysts say reductions in rates look likely to come sooner rather than later.
By CARTER DOUGHERTY
Does the German government simply hate John Maynard Keynes? Or does it just have an enduring and passionate love for Herbert Hoover?
By BETTINA WASSENER
A dramatic drop-off in demand has hammered the global car industry.
By CAROLINE BROTHERS
The biggest European budget airline said that the decision would facilitate "active negotiations" under way with 47 other airports.
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