U.S. stocks come charging back as governments throw trillions at banks

U.S. stock indexes closed up more than 11 per cent Monday as governments around the world committed trillions to easing the global credit freeze.

The Dow Jones industrial average was up more than 936.42 points, or 11.1 per cent, at 9,387.61. The Nasdaq composite closed up 11.8 per cent and the S&P 500 advanced 11.6 per cent.

The Dow recovered nearly half of the 1,874 points it lost last week.

Canadian markets were closed Monday for Thanksgiving.

U.S. will work with partners on credit crisis: Bush

After a meeting with finance ministers from around the world on Saturday, U.S. President George W. Bush said the world's wealthiest industrialized countries will work together to attack the credit crisis.

"All of us recognize that this is a serious global crisis and therefore requires a serious global response," he told reporters after the gathering of G7 economic leaders.

"I'm confident that the world's major economies can overcome the challenges we face," Bush said, speaking in the Rose Garden outside the White House, joined by officials from Japan, Germany, Britain, France, Italy and Canada.

Global markets plummet in growing stock sell-off

World stock markets plunged on Friday amid a massive sell-off of stocks and escalating fears about a global recession.

Japan's benchmark Nikkei 225 index tumbled 881.06 points, or 9.6 per cent, on Friday to 8,276.43, its lowest closing level since May 2003.

Kenji Akasaka, 69, president of a Tokyo printing company, told the Associated Press he had never seen it this bad in the 40 years he has traded stocks.

Akasaka said he invests mainly in blue chips that include Toyota Motor Corp. and Nintendo Co. Both have lost about half their value over the last year.

Oil prices plummet below $80 US for 1st time in a year

Traders work the crude oil options pit at the New York Mercantile Exchange Friday. (Mary Altaffer/Associated Press)

G7 finance officials pledge action to end financial crisis

Canadian Finance Minister Jim Flaherty, left, joins Group of Seven finance representatives and others outside the U.S. Treasury Department in Washington on Friday. Next him, from left to right, are: France's Christine Lagarde, Germany's Peer Steinbrueck, the U.S.'s Henry Paulson, Italy's Giulio Tremonti, Japan's Shoichi Nakagawa and the U.K.'s Alistair Darling.(J. Scott Applewhite/Associated Press)

Canada pounds expectations with Sept. job gains

They might have been mostly part-time — but Canada produced more than 100,000 new jobs in September, almost 10 times better than economists expected, according to figures released by Statistics Canada Friday.

Canada's economy gained 107,000 jobs in September as the unemployment rate held steady at 6.1 per cent, the national statistical agency said.

In advance of Tuesday's federal election, many analysts were expecting just a modest pickup, in the 12,500 range.

U.K. carrier suspends sale of BlackBerry Bold: report

Telecommunications service provider Orange in the U.K. has reportedly suspended shipment of Research in Motion's BlackBerry Bold phone due to undisclosed software issues.

The report of the delay first appeared Thursday on the technology website Mobile Tech Addicts, which had obtained what it said was an internal Orange statement.

The statement, provided by an anonymous tipster to the website, said the telecommunications carrier is reportedly awaiting a fix of the issue from Waterloo, Ont.-based RIM before the device goes on sale, a process they said would take a couple of weeks.