updated 11:50 am EST

Fed to buy massive amounts of short-term debt

The Federal Reserve announced Tuesday a radical plan to buy massive amounts of short-term debt in a dramatic effort to break through a credit clog that is imperiling the economy.

Fed lays out details for bank loans

INDUSTRIES

Oil prices rebound after falling to 8-month low

Oil prices rebounded above $91 a barrel Tuesday, a day after plunging to an 8-month low.(11:48 AM EST)

GLOBAL MARKETS

Medvedev pledges more $36B cash for banks

President Dmitry Medvedev unveiled new measures Tuesday to prop up Russia's shattered banking system.(9:04 AM EST)

Fed move boosts European stocks

TECHNOLOGY

AMD to spin off factories in bid to save money

In a move to dramatically cut costs and better compete with Intel Corp., chip maker Advanced Micro Devices Inc. said Tuesday.(9:27 AM EST)

AMD forms manufacturing unit with Abu Dhabi co.

INDUSTRIES

Wachovia shares waver as Citi, Wells Fargo wrangle

Investors appeared to be waiting on the sidelines Tuesday for a compromise to be reached between Citigroup and Wells Fargo over their battle for Wachovia.(10:26 AM EST)

POLITICS & POLICY

Tata Motors to build Nano in Gujarat

The Nano, billed as the world's cheapest car, has found a new home in the Western state of Gujarat.(10:25 AM EST)

IBT Features

Nigerian conflict a warning for Big Oil in Iraq

AP File Photo

Insurance giant AIG's role in market crisis probed

Executives at the American International Group Inc. hid from its auditors the full range of risky practices at its financial products division even as losses mounted, according to documents obtained by a congressional panel examining Tuesday the chain of events that forced the government to bail out the conglomerate. Full Story