News from Reuters

Europe governments go their own way on crisis
Mon 5:41pm ET - AP
Individual European governments issued a cascade of deposit guarantees to shore up their banks but fell short of any coordinated action Monday to deal with the crisis sweeping financial markets, even as stock markets crashed and the euro sank to its lowest level for over a year.

·	Bank of America reports profit drop, capital raise
·	Wachovia, Citigroup, Wells agree to standstill
·	Eli Lilly to buy ImClone for more than $6B
·	Congress opens hearings on financial meltdown
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Investing Ideas

Gates Foundation's Value Focus Helps It Avoid Market Pitfalls in Q3 Indie Research The Foundation's value focus, likely influenced by Warren Buffett, helped its top holdings at the end of Q2 keep pace with the very volatile market during Q3.

An Insurance Pick That Plays It Safe RealMoney by TheStreet.com Mercury General keeps rigorous underwriting standards and a conservative investment portfolio.

TradingMarkets 7 ETFs You Need to Know for Tuesday TradingMarkets.com Exchange-traded funds followed the markets and sectors they track on Monday, leading to significant pullbacks in long and leveraged long ETFs and sizable gains in short and leveraged short funds.

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