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This edition was generated on Mon Oct 13 08:45:01 EDT 2008
NEW YORK - Wall Street headed for huge rebound Monday with the Dow Jones industrial average futures up 348, or 4.2 percent, to 8,718. Standard & Poor's 500 index futures rose 42.90, or 4.81 percent, to 933.90. Nasdaq 100 index futures rose 56.50, or 4.41 percent, to 1,339.00.
BRUSSELS, Belgium - The European Union told music lovers Monday to turn down the volume of MP3 players, saying they risk permanent hearing loss from listening too long at maximum levels.
WASHINGTON - Five years ago, retired Air Force intelligence officer Kirk von Ackermann became the first of 39 Americans to be kidnapped in Iraq. He's still missing, his wife fearing she'll never see him again.
LOS ANGELES - An adorable talking dog remained just the sort of escapist movie hero audiences wanted after a week of awful economic news. Disney's family comedy "Beverly Hills Chihuahua," with Drew Barrymore providing the voice of the pooch, was the No. 1 flick for the second-straight weekend with $17.5 million, raising its 10-day total to $52.5 million, according to studio estimates Sunday.
OL PEJETA, Kenya - The text message from the elephant flashed across Richard Lesowapir's screen: Kimani was heading for neighboring farms.
BOSTON - The American League Championship Series resumes this afternoon in Boston. Jon Lester toes the rubber for the Red Sox against Tampa Bay's Matt Garza. In the National League, game 4 of the series is tonight in Los Angeles, with the Phillies leading 2 games to 1. The Phillies plan to send Joe Blanton to the hill against the Dodgers' Derek Lowe.
LONDON (Reuters) - Governments across the world launched multi-billion dollar bailouts on Monday to shore up tottering global banks and Britain called for a new Bretton Woods agreement to reshape the world financial system.
WASHINGTON (Reuters) - Democrat Barack Obama has a 4-point lead over his Republican rival John McCain in the U.S. presidential race, according to a Reuters/C-SPAN/Zogby tracking poll released on Monday.
MADRID (Reuters) - Spain's Santander said it was in talks to acquire Sovereign Bancorp Inc on Monday, as the euro zone's largest bank hunted for bargains in a sector that has been hit by the global financial crisis.
VIENNA (Reuters) - North Korea on Monday restored access for U.N. monitors to its atom bomb complex following a deal with Washington to salvage a denuclearization process endangered by disputes over verification, diplomats said.
LONDON (Reuters) - Britain waded in with 37 billion pounds ($64 billion) of taxpayers' cash to bail out three major banks on Monday, in a move that could make it their main shareholder.
DETROIT/WASHINGTON (Reuters) - What's good for General Motors Corp is good for the country.
STOCKHOLM (Reuters) - U.S. economist Paul Krugman, a well-known critic of the Bush administration for policies that he argues led to the current financial crisis, won the 2008 Nobel prize for economics on Monday.
TOKYO (Reuters) - Japan's Mitsubishi UFJ Financial Group said on Monday it has invested $9 billion in U.S. Morgan Stanley under revised terms.
LONDON, Oct 13, 2008 (AFP) - Global stock markets soared on Monday, with Frankfurt up six percent and Hong Kong 10 percent higher as governments pumped billions of extra dollars into banks crippled by the credit crunch.
HARARE (AFP) - Zimbabwe's President Robert Mugabe swore in his two vice presidents Monday, a senior government official said, despite an ongoing dispute with the opposition over a power-sharing deal.
ARLINGTON, Virginia, (AFP) - The US presidential campaign settled into a straight fight on the economy Monday as global financial turmoil focused both candidates on how to help Americans worried about their future.
KHAR, Pakistan (AFP) - Pakistani troops backed by helicopter gunships and artillery killed at least 24 militants with links to Al-Qaeda in a tribal region near the Afghan border, officials said on Monday
STOCKHOLM (AFP) - Paul Krugman of the United States won the 2008 Nobel Economics Prize on Monday for "analysis of trade patterns and location of economic activity," the Nobel jury said.
BERLIN (AFP) - European governments launched a multi-pronged attack to combat the financial crisis Monday, approving hundreds of billions of dollars in loans and buying into banks in a move to end panic on the markets.
WASHINGTON (AFP) - The International Monetary Fund and the World Bank hailed Sunday progress made to coordinate responses to the financial crisis in the G7, the eurozone and multilateral institutions, but urged that poor countries not be forgotten.
WASHINGTON/ COLOMBEY-LES-DEUX-EGLISES, France (Reuters) - The IMF warned on Saturday that the global financial system was on the brink of meltdown, while France and Germany pushed ahead with a pan-European crisis response to try to prevent the worst global downturn in decades.
NEW YORK (Reuters) - Despite its best efforts to fortify its defenses, Morgan Stanley's fate hangs in the balance after the market's relentless assault last week.
WASHINGTON (Reuters) - Democratic presidential candidate Barack Obama is leading his Republican rival John McCain 53 percent to 43 percent among likely voters, according to a Washington Post-ABC News opinion poll released on Monday.
LOS ANGELES - Tired of getting brushed back in the NL championship series, Manny Ramirez and the Los Angeles Dodgers came out ready to fight their way back against Philadelphia.
WASHINGTON - The Bush administration said Monday it is moving quickly to implement a $700 billion rescue program, including consulting with private law firms on how to buy ownership shares in a broad number of banks to help thaw frozen lending and get the economy moving again.