• Business Diary

• Congress must share blame for financial mess
Washington- When Congress voted last week to bail out Wall Street banks and investment houses, members also were indirectly voting to repair damage lawmakers themselves caused during a decades-long era of deregulation.

• Countrywide Financial to cut rates on 8,000 Ohio mortgages>
More than 8,000 Ohio homeowners who got lousy high-rate loans from the largest mortgage lender in the nation will soon get a break.

• Eli Lilly to buy ImClone for more than $6 billion
Indianapolis- Eli Lilly & Co.'s winning bid of more than $6 billion for cancer drug maker ImClone Systems means a billion-dollar payday for former rival bidder Bristol-Myers and vindication for corporate raider and ImClone Chairman Carl Icahn.

• Ford reassesses selling tiny Ka in U.S.
Detroit- Rising demand for small cars has pushed Ford Motor Co. to revisit its decision not to bring the tiny European Ka model to the United States, Ford's chief executive said Monday.

• Gasoline prices slide as oil prices tumble
Gasoline prices are falling and will continue to slide toward $3 per gallon and below, judging from falling wholesale and commodity prices for gasoline and crude oil.

• Global stock tremors
Wall Street joined in a worldwide cascade of despair Monday over the financial crisis, driving the Dow Jones industrials to their biggest loss ever during a trading day. Even a big afternoon rally failed to keep the Dow from its first close below 10,000 since 2004.

• Lehman Brothers exec faces angry lawmakers
Washington -- The chief executive of Lehman Brothers, whose bankruptcy filing last month dramatically escalated the Wall Street financial crisis, faced angry lawmakers Monday and defended his leadership and the millions of dollars he and other executives made as the company's troubles mounted.

• Light' cigarette suits argued
Washington -- More than 45 million Americans are smokers, and nearly 85 percent of them buy "light" cigarettes such as Marlboro Lights, which are advertised as having lower tar and nicotine.

• MAN Ferrostaal Inc. of Beachwood gets strong response to call for joint ventures
MAN Ferrostaal Inc., the U.S. subsidiary of a German engineering and construction service company, is talking to about three dozen local and U.S. companies about possible collaborations.

• More tax-free loans
The Internal Revenue Service will allow corporations to increase their use of tax-free loans from overseas subsidiaries in an effort to ease the credit crisis.

• Neel Kashkari
Age: 35.

• New financial chief was rocket scientist
Washington -- Turns out rescuing the economy will take a rocket scientist.

• Dow Jones stock index closes below 10,000, but experts advise against panic selling
Monday was one of the strangest and scariest days for investors in recent decades.

• Woes in Europe hit U.S. stocks
Paris -- European governments pledged Monday to safeguard bank deposits in a bid to stem financial panic, but they stopped short of a coordinated strategy to break the grip of a credit crisis that threatens to set off a protracted recession across the continent, sending markets tumbling on both sides of the Atlantic.

• Ford Motor Co. offers smart key that will put limits on teen drivers
Some mornings when she gets into her car, Kathleen Wallenhorst turns the key and the radio blasts 100 decibels of classic rock at her. That's when she knows 16-year-old son Chris broke the rules.